I must confess I didn’t expect USD CHF to rally so strongly post-Fed. Mind you, not a lot made sense last night.
I’m short of EURCHF still but have concerns the longer we hang around up here at the top of the range around 1.2250 .
I’ve had a good run on the pair so I’m not going to get greedy or stubborn. It could be we are in for consolidation now and the CHF strengthening that I called for has happened for the time being. But I’m comfortable enough for the moment still.
Sellers up to 0.9035 on USDCHF with immediate interest at 0.8970-80 and then 0.9000
Buyers at 0.8930 and 0.8900 with more bids at 0.8885 and 0.8865-50
EURCHF has sellers at 1.2260-70- 80 and 1.2300. Buyers at 1.2230-15-00 and 1.2180
Delicately poised and something for everyone still
Hurrah !
