Buy on a level breakthrough of 0.9877 with 0.9939 target. Stop loss = 0.9827.
Reason for the trading strategy
The Swiss currency fell to 1.0091 francs per dollar as a first reaction to the ECB's decision to lower the key interest rates in the Eurozone and to expand the asset purchases program. However, the subsequent statement made by M.Draghi that the further reduction of the ECB interest rates should not be expected yet, has spun the EURUSD around towards the "north", and the USDCHF pair towards the "south". Meanwhile, if the inflationary pressures in the Eurozone continue to decline, the ECB will be forced to strengthen the monetary stimulus measures. The threat of a long-term reduction in the EU currency against the US dollar remains in force.
USDCHF, H1
