Buy USD/CHF @MKT below 1.04
Stop loss; 1.0290
Initial Target; 1.0490
Welcome! I hope you find some forex and investment insight here.
Trade Adivce #12: Buy USD/CHF <=1.0400
We're looking at 14 month bottoms on this pair right now at 1.035~. Some firms are expecting the Swiss to sell off soon as part of thier monetary easing policy and many other think that the Dollar is going to look very attarctive again soon. Take a small chance on this pair to rebound. If it does go 100+ points upward today, it could be rideable through the fall to the 1.08~1.10 area.
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