USD/CHF stops above 0.8550 vulnerable

Author: Jamie Coleman | Category: News

Hearing there are sizable stops above the 0.8550 level. If triggered. might be a good spot to sell some USD/CHF while legging into EUR/CHF via the components. Sell the USD/CHF pop and then sell EUR/USD on rallies…

If risk aversion is to stay high, 1.2000 barriers in EUR/CHF will act as a magnet to the downside before long. The market is a lot less short EUR/CHF today after yesterday’s big rally….

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