USD/CHF Long Risk Reward USD Taper into FOMC September Trade
Long at the big figure at 0.9200, target 0.9390 and stop tight at 0.9170.
Trade is opportunistic on the price and the general timing of USD strength after weeks of USD weakness. EUR/USD is showing some signs of stalling near 1.3400 but regardless the EUR/CHF is showing some bullish signals and finding support under 1.2300 for a move back to 1.2500.
US Data dependent as this will shift the September FOMC Tapering expectations.
Trade is opportunistic on the price and the general timing of USD strength after weeks of USD weakness. EUR/USD is showing some signs of stalling near 1.3400 but regardless the EUR/CHF is showing some bullish signals and finding support under 1.2300 for a move back to 1.2500.
US Data dependent as this will shift the September FOMC Tapering expectations.