USDCHF: under pressure against the background of a growing franc

April 20, 2015

Sell on a level breakthrough of 0.9492 with 0.9440 target. Stop loss = 0.9540.

Reason for the trading strategy
The growth of the franc against the euro puts pressure on the USD/CHF pair. Investors buy the protective franc due to a possible default of the Greek economy. At a breakthrough of the 0.9492 level, opening short positions for the USD/CHF pair is worth considering


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