* Optimal weighting for first target is 80%. When Target price is achieved set remainder with a stop at break even. Trailing stops can improve the performance of this strategy as well.
CHF Commentary -
The European morning started and finished with the option barriers at 1.2200 in focus. Protective offers into the 1.2190"s kept the price at bay early-on before the upbeat Swiss data helped rally the Franc. The data may have some looking for a more aggressive tone from the SNB but this failed to rally the CHF significantly and after the hawkish Fed the Dollar has garnered more support. The dip found only fresh buyers into 1.2155/60 to force a bounce with [EUR/CHF] only managing to eke slightly lower amid the Franc strength. Bids in the cross into 1.6465/70 remain key to further longer-term weakness.
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