theforexportal
Short

USDCHF headed back to parity?

FX:USDCHF   U.S. Dollar/Swiss Franc
USDCHF             has moved steadily higher since the end of January but now looks stretched and a move back to lower ground is favoured perhaps back to parity as we await Wednesday. RSI on the DTF is sinking and the BEARS look to be in control.

Support at 1.0056 or 1.0035 area might hold.
.9938 should hold any deeper drops.

Trade idea.
SELL down to 1.0056 or 1.0035. If these levels break look for support at .9938.
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