Sell on a level breakthrough of 0.9071 with 0.9000 target. Stop loss = 0.9121.
Reason for the trading strategy
In April, the aggregate index of producer prices and import prices in Switzerland decreased by 2.1% (m/m). Low inflationary pressures contribute to preservation of an ultra soft monetary policy in Switzerland. Despite the adjusting growth of the USD/CHF pair from the 0.9071 level, buying the US dollar on a downtrend seems to be risky.