Banking 195 points plus carry

  • After yesterday’s update , USDCHF performed another leg higher, putting the trade roughly 200 points in the blue.
  • I decided to take half off close to March and April lows 0.9940 , which coincides with this morning’s high, for one to bank profit, never a bad thing and
  • For the second reason that I reckon EURUSD could get sucked into a small uptick into ECB and there’s plenty more to come on the data front this week.
  • Another reason is that positive Fed Chair choices may start to be priced in for now.
  • Still got half open as EURCHF keeps pulling the pair, for which the stop is currently placed at 0.9860, target 1.0020.

USDCHF W1 25.10.2017


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