DislikedHi JanPoko,
I totally agree, it's never a direct one-way move but i don't see any reason why USD/CHF should retrace to 1.09-1.11 region or more at the moment as US outlook is pesimistic and swiss economy providing better figures than expected, it looks pretty unsure if it goes trough 1.04 or bounces back to fibo retr., i'm staying on side and waiting till 1.09-1.11 for short or if it goes directly towards 0.98-1.00 i'm confident to have a nice and fast long trade till weakness continues.
@ all: let me know ur thoughts, guess it's pretty sure...Ignored
I agree with thinking it will retrace back up to 1.08-1.09 (maybe even to 1.1) and then head back down....possibly parity or lower? I think with the usd dollar index being down 8 weeks in a row it may go up in the coming days which will push this pair up a little.
I am trying to not let the fundamentals drive me too much, but I do always keep in mind the possibility of intervention (even though the SNB claims they will not intervene....yea right, like we all believe that??!!)
Sorry I still do not have my charts working properly to post one.