Forex Trade Signals and Setups Aug. 22nd

USDCHF – Caught between a rock and the SNB
After spending over 65% of its days this year selling off, the pair has been in a conundrum as of late with the SNB (Swiss National Bank) having enough of the CHF’s rise hurting exports (stinks not making much money off their chocolate which is damn good if I might say) and affecting their business in the Euro region.  They drew a weapon which is hanging over the heads of the markets like the sword of damocles – that they would peg the CHF to the Euro if it continued to gain against the regional currency.  This seriousness was not seen before and since then, people have been cautious about trading …

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