=> Draghi et al confirming today that "risk-off" is around the corner and those sharp enough have been positioning already... here we are almost ready to start clearing our positions.
=> For those still tracking the cross the will now cap any meaningful upside for the year and towards the downside the only levels below here that we have our eyes on are 0.96 and 0.952x
=> Best of luck and well done all shorts
Additionally, our RSI shows that it is testing resistance as well.
Glad to see that we have the same bias for USDCHF.