12th April UPDATE (Position 2 BUY STOP)
Good evening team,
Tonight the US reports the next round of inflation data and the forecast is a large one. The markets are already moving in favour of the USD as fears of interest rate hikes are continuing to rise. Any result the comes out inline or above the market forecast could push the USDCHF further to the upside. We have 1 position in the green, and are looking to enter the market on the recent a-b-c corrective structure.
USDCHF 1 Hour Chart