By FX Empire.com
The USD/CHF pair rose for the week, but fell later in the sessions to form a shooting star. However, the Friday candle looked bullish. This confusion is probably reflective of a battle between the Swiss National Bank and its promise to fight Franc strength, and the absolute pounding the USD took over the week. We cannot sell this pair, even though the technical set up is there. We are waiting to see what happens, and if we can somehow break the top of the candle for the week – we would be long of this pair for a move to 0.95 or even parity.
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