After losing more than 100 pips in three days, USD/CHF rebounds.
The USD/CHF is consolidating a daily gain of around 40 pips, posting the first gains after losing more than a hundred pips over the last three days.
The global manufacturing slowdown caught up with Switzerland, economic indicators have continued to cool sharply. The expectation from Swiss growth and inflation outlook to further deteriorate.
USD/CHF LONG (Buy)
Enter at: 1.00860