ridethepig

Expecting more downside via risk-off flows into CHF

FOREXCOM:USDCHF   Dollar A.S. / Franc Swiss
=> Here we are actively adding to our CHF exposure as we are expecting risk to enter back into the picture any day now...
=> The move towards the 50% retracement has yet to complete and we see this bearish momentum to threaten a break below.
=> The upside is capped with iron resistance at 0.985x
=> Here we recommend shorts with targets at 0.9627x , entries at market and stops above 0.9780x
=> Good luck guys

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