I’ve been following USDCHF. As of 4:30pm eastern time, looking at the 15 min time frame, it looks like the pair isconverging and preparing to breakout. The 50 EMA seems to be a resistance (ceiling), and with the current trend of USDCHF going down, I am expecting this pair to break out going down by tomorrow morning. If it does, I would expect it to rebound just above 1.1600 like it did earlier this week.
When I get home from work I’ll probably sell short USDCHF my 1% with a stop loss of 1.1675 and take profits at 1.1605. Depending on how things move within the hour, that is just a 40-50 pip gain.
EDIT: I noticed CHF PPI news is coming out early tomorrow morning. CHF news this last month has been up and down, so this could go either way, or not effect it at all.
DISCLAIMER: Just my opinions