USD/CHF today will depend on EUR/USD

2 min read
Traderassist

Yaroslav Mudryi

Forex broker

Hi traders,

The USD/CHF currency pair is under pressure and uncertainty today, as many market participants are waiting for the ECB decision on the interest rate + ECB press conference.

You ask, and where does the CHF, if the ECB affects the EUR !? Everything is simple! Currency pairs EUR/USD and USD/CHF are mirrored and if there is turbulence in the Euro, then Switzerland will also be in it!

On the USD / CHF currency pair, today I see 2 options for trading, but only after the news and after the market calms down:

  1. Sale from 0.9920. Near this intermediate level, there are 2 counter-trends (uptrend and lower boundary of the triangle). The transaction is risky, as further movement of the pair in flat is possible.
  2. Sale from the area of ​​0.9870-0.9843. This option will be available when the price makes a breakdown and consolidates under this zone.

Good trading,
Yaroslav Mudryi.

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