WHY SHOULD I BUY THE USD/CHF ???

TECHNICALS

- after taking an amazing sell at 0.93566, indicated by the Butterfly (XABCD) pattern a the pair has been on a bearish for the past few days
- Now returned to the newly formed support zone at 0.91997.
- this support zone is also excitingly at the 61.8 fib level and at its third touch by the trend line!
- so technically specking (excuse the pun) we are bullish bias on the daily time frame. However in case of a bearish break out price may fall till next support at 0.91300.

FUNDAMENTALS TO KEEP AN EYE OUT FOR
- negitive news may cause this pair to fall even lower ( possibly to next support to 0.91300)

14:30 USD Producer Price Index ex Food & Energy (YoY)(Sep)
14:30 USD Initial Jobless Claims(Oct 8)
14:30 USD Initial Jobless Claims 4-week average(Oct 8)

19:00
USD Fed's Williams speech

20:00 USDCHF
USD Monthly Budget Statement(Sep) more news releases on fxstreet.com