Still short from 1.3532
switching from 4 hour chart to daily chart to manage this trade. Looking at hold till first weekly support around 1.24 ish
Weekly support at 1.2400 and then 1.1580
From fxstreet.com
The Swiss National Bank has finally decided to take action to try to avoid the current CHF strengtening. IN the last minutes, the USD/CHF has jumped almost 200 pips from 1.0433 to 1.0615. EUR/CHF has rallied from 1.4140 to 1.4410
Took some heat on market going lower and then much higher and still expecting downward bias to engage. Note I didn't say trend, although that's what I'd like to see obviously.
I waded through some heat in EURUSD and GBPUSD, IMHO neither the EUR or GBP has had a meaningful retracement. I guess now is the time.
Continuing to plan the trade and trade the plan.