After two indecisive trading days, and contrary to this week’s report, buyers returned to USDCHF. This was driven by a reappraisal of CHF value with EURCHF rising by more than 70 pips.
Management and risk description
A move to 0.9774 means the stop can be raised to break even.
Entry: buy in 0.9730/35 area and any 0.9703 dip.
Stop: 0.9670 offered.
Target: 0.9774 and 0.9808.
Time horizon: intraday, ending 1500 GMT.
– Edited by Gayle Bryant
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