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SwissTrader2
Jul 7, 2015 9:45 AM

USDCHF - horizontal resistance Short

U.S. DOLLAR / SWISS FRANCICE

Description

update: 10.07.2015 exit with small profit at 0.9461. Likelihood of a Greek deal has increased, pushing the markets higher hence the USD to appreciate and the CHF to depreciate.

Initiated along position target 0.97
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Sell on a test of horizontal resistance just below 0.95.

Strong optimism needs to come out of todays eurogroup meeting for the USDCHF to breakthrough the resistance
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