Hello,
Today I have entered long on the USD/CHF. This move was massively helped yesterday with the US Retail sales, however I believe the recovery in the DXY will happen sooner than later and that was just the start.
USD/CHF has now convincingly pushed above resistance and we can expect that this move will continue towards the next area of resistance at 0.94371.
Prices to watch during the move will be 0.93565, this is where the price took a violent turn back to support in May...before later that month reaching target.
United States Michigan Consumer Sentiment figures will be out at today (17th September) 3pm. This is expected to be bullish for the DXY.
Expected to be in this trade unto 3/4 weeks.
Good luck if you join the trade.
Today I have entered long on the USD/CHF. This move was massively helped yesterday with the US Retail sales, however I believe the recovery in the DXY will happen sooner than later and that was just the start.
USD/CHF has now convincingly pushed above resistance and we can expect that this move will continue towards the next area of resistance at 0.94371.
Prices to watch during the move will be 0.93565, this is where the price took a violent turn back to support in May...before later that month reaching target.
United States Michigan Consumer Sentiment figures will be out at today (17th September) 3pm. This is expected to be bullish for the DXY.
Expected to be in this trade unto 3/4 weeks.
Good luck if you join the trade.