workingtraders
Long

$USDCHF ready to test pre floor removal highs

FX:USDCHF   U.S. Dollar/Swiss Franc
252 0 7
theworkingtrader.com

A thumbs up is appreciated if you agree with the idea.

Strong resistance near 0.9550 area. It has been tested serveral times.
Rising trend channel has been acting as support. We have strong support near .94500 area.
Strong bullish momentum has been building ever since chf floor removal . With QE around the corner that is unlikely to fade.
Our goal for the trade continues to be the top set in before chf floor removal of 1.0240 area.
We will continue buying USDCHF             as ECB stays committed to QE .



Bloomberg :

ECB may start buying securities as part of its QE programme on 9 March
ECB will probably raise GDP growth estimates 5 March
ECB will probably reduce inflation estimates for 2015
SNB's Moser says franc 'massively overvalued'
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