usdchfdaily1

It has been a bit of a struggle to find anything worth trading but USD/CHF does offer some good risk/reward close to current levels. Keep stops above a recent daily high at 1.1550 and look for a move towards the bottom of the recent range, close to the 100-day MA at 1.1270. As I said earlier, market chatter has it that the market is short CHF against the EUR and the GBP so I am looking for a possible short-covering of these positions before the long weekend.