USDCHF breaks out of the range and collapses amid risk-off flows ...0

Trump yesterday surprised with worse than expected reciprocal tariffs that triggered a wave of risk-off flows on expectations of a global slowdown.

This is a sellers' market, so there's no need to catch a falling knife, especially without any positive catalyst. It's hard to find something positive for the pair though. Some hawkish comments from the Fed or much better than expected US data might provide a pullback, but that will likely be an opportunity to sell again at better prices.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

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