FX.co ★ blaise.rogahn | USD/CHF

Hello traders, I believe that the Swiss economy is in a rather good position compared to the future chaos in Europe that is coming soon. Therefore, the franc will be highly valued among currencies, and I am betting on it. However, USDCHF seems to be more inclined towards growth. Looking at the 4-hour chart, there is a feeling that we are already finding the bottom and will start to rise very soon. If we consider this, the price should move closer to 0.8486. Although the current growth structure is quite controversial and resembles more of a correction, so we should not rule out a breakthrough of the 0.7840 level. In any case, we need to focus more on growth, as a strong appreciation of the franc is not always beneficial for the country.