I’m bullish and now long in USD/CHF. My timing might be off, that’s where we always need a bit of luck. Looking at the technical set-up and the moves in equities and precious metals, I think there is a much greater chance of USD/CHF going up from here than going down.
The 200-dma is still capping near .8985 but I think this is just a slight bump in the road.
This is a medium term trade so I’m hoping to build this position between .89/.91 over the next few weeks and hopefully be in a strong position if/when it takes off.