The USD/CHF is pressuring its highs again and with the EUR/CHF retaking the 1.25 area, the CHF should continue to meet active sellers. US Durable Goods is helping support the Dollar and Stop Losses are likely located above 0.93, which should propel prices if tripped. Opportunity here for hourly CALL options in the USD/CHF at 0.9280.
USD/CHF at 0.9280 was about 10 ticks from the lows and we are trading mostly sideways here with the EUR/CHF falling back under 1.25. As long as 0.9265 holds, the bias remains the same but successful CALLS will likely depend on another rally in the EUR/CHF.
something to consider guys with the EUR/USD the highest we have seen in over a year. It is a sign that safe haven currencies might be the way of the past. Investors and Banks are taking their money from the Frank and the Pound back into things like the EUR. Something to keep in mind.