CHFUSD, Swiss Fr versus the $USD Dollar ;
Typical pull back after a clear parabolic rise
Key support was found @ 1.2200 levels
The story (fundamental reason why the CHF should rise) is intact
Next key resistance stands @ 1.2600 and then @ 1.2800
Not expecting a sudden rise up, the Swiss CB will try to "save their currency", they will "fail again".
Expect an up the stair pattern (with clear higher lows) for the next 2 months
2 comments:
Hi Moise,
thanks for your insight.
Your 'trade of the year' earlier was Long USDCHF, what has changed since? Now you are short on this pair?
Cheers
Hello,
Any thoughts on the impact on CHFEUR?
Seems that EUR is moving up too.
Regards,
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