Short

Short USDCHF

Updated

USDCHF still has not completed his weekly target, the pair rebound after usd fundamental support,The 10-year yield rose from 2.26% to 2.32%, the highest in a week. Also economic data came in better-than-expected. US consumer confidence rose above expectations while the Richmond Fed Manufacturing Index came in at 14 (vs 7). Another factor that could be supporting the greenback is the fact that the US Senate could vote on the health-care bill today and it could actually pass. That could support Trump’s reform agenda.As technically the pair trading 50%retrace fibo along with 200 MA on weekly time frame, we have another strong resistance around 0.9548, we can see one more leg down towards 0.9440/0.9390.

Sell USDCHF
0.9525/0.9545

Target: 0.9450/0.9400
Stop loss: 0.9575

gud luck !

#forextuitions

Trade closed: stop reached

stop loss hit with 30 pips loss

Forextuitions

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