Swiss Franc Technical Outlook


Luckily, we have refrained from taking a strong stand on the USDCHF lately. The pair has traded in a diabolical fashion, spiking in both directions. Given our bullish stance on the EURUSD (which exhibits a much clearer pattern), it seems wise to lean towards the bear side regarding the USDCHF. If you wish to trade the USDCHF from the short side, then keep risk to 1.1045. (see yesterday’s technical report for the bullish count)