AlbionTrader

USDCHF bouncing before moving down?

OANDA:USDCHF   U.S. Dollar / Swiss Franc
USDCHF might open interesting opportunities if the level around 1.00641 gets broken.
There are three different supports to look at downwards: 0.99421, 0.98382, 0.97390.
While breaking the psychological level of parity might be not probable, the Risk-Reward-Ratio in this case looks really appealing.

A factor of risk is the volatility shown in the last month or so having the price just range in the area 1.006 to 1.025 - 1.030 which makes a bounce even more probable.

Prices are relative to chart and may vary with other brokers/platforms.
I discuss always discuss and follow up these ideas on my blog.

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