Enough Jobs to Knock It Off

#USD/CHF#

Fundamentals & Sentiment

USD:
- Undervalued according to many market internals
- Monster jobs data (NFP, Unemployment, etc.)

CHF:
- Generally, the franc is too expensive for SNB's liking
- Bearish Internals

Technical & Other

• Setup: S(B)
  
• Setup timeframe: 4h
  
• Trigger: 5m
  
• Medium-term: Range
  
• Long-term: Down
  
• Min target: Aug highs
  
• Stop loss: 0.33%
  
• Position size: 0.7R