Swiss weakness ahead? #USDCHF at a crossroads

Despite Yellen's confirmation that a December rate hike is probable the dollar sold off into the weekend. Now #USDCHF is at a crossroads and presenting us with a potentially great long entry. Risk is very limited as the trade can be exited quickly in case the trend breaks. 




The upside on this trade can be huge as the Swiss Franc is supposedly highly overvalued and the Swiss economy is struggling with its strong currency. I have identified 2 technical targets at around 1.0750 and 1.1700.


Another benefit is the carry that this position will pay.

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