Swiss Franc long (USD/CHF short)

in #finance7 years ago

USD/CHF is at an important resistance and very overbought. COT are at a relative extreme. Last time when the COT report was similar, the reaction was strong. But it would probably stay sometime at the 1.000 region before a reaction will come. A straightway bounce is less probable.
USDCHF short.PNG

COT report - inverse > CHF/USD [www.barchart.com]
CHF COT.png

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