
Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.
Swiss Franc – The US Dollar continues to hold important lows versus the Swiss Franc, and the fact that the recent USDCHF reversal has occurred on a material shift in sentiment favors continued strength.
Trade Implications – USDCHF: Last month we wrote that the Swissie may have been at a substantial turning point as we saw early signs of crowd capitulation. We were early, but the USDCHF turned higher and sentiment has similarly seen a material shift.
There is risk that a EURCHF breakdown could put pressure on the Dollar pair, but our broader calls for Greenback strength leave us bullish the Dollar/Swiss Franc exchange rate.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

Automate our SSI-based trading strategies via Mirror Trader free of charge
To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.
Contact David via
Twitter at http://www.twitter.com/DRodriguezFX
Facebook at http://www.Facebook.com/DRodriguezFX