An update to our USDCHF chart
=> As widely expected since earlier in the week CHF catching a bid from the safe have flows.
=> Draghi et al confirming today that "risk-off" is around the corner and those sharp enough have been positioning already... here we are almost ready to start clearing our positions.
=> For those still tracking the cross the double top will now cap any meaningful upside for the year and towards the downside the only levels below here that we have our eyes on are 0.96 and 0.952x
=> Best of luck and well done all shorts
=> Draghi et al confirming today that "risk-off" is around the corner and those sharp enough have been positioning already... here we are almost ready to start clearing our positions.
=> For those still tracking the cross the double top will now cap any meaningful upside for the year and towards the downside the only levels below here that we have our eyes on are 0.96 and 0.952x
=> Best of luck and well done all shorts
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