UBS-logoTrade Ideas are short term (mostly intraday) forex strategies realesed daily by UBS analytics. In todays release we can get to know with their ideas for such currency pairs like  EUR/USD, USD/CHF and USD/JPY.


Yesterday after FOMC decision, we’ve seen a real rollercoaster on EUR/USD. Pair also traded in a relatively wide range today in Asia, but it was rather slow and steady moves. With just a couple sessions until the year-end liquidity is becoming an issue. We think the market will continue to buy US dollars and we would sell any rallies towards 1.0880/1.0900, with a stop above 1.0935, targeting a move towards 1.0800. Support at 1.0830 and 1.0800; resistance at 1.0880, 1.0935 and 1.1010.EURUSDH1

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Similar situation like on EUR/USD – liquidity is going to be a biggest problem for now. Yesterdays decision was last big event this year so we won’t have an occasion to see great moves on USD/CHF until New Year. Play the range today; support at 0.9920 and 0.9870, while there is resistance at 0.9970 and 1.0030USDCHFM30


Traders responded to Fed hike quite well, with Nikkei trading bid almost whole session. In terms of flows, there has been more focus on EURUSD than USDJPY. We think the pair is a buy on dips, but we can’t get too bullish at these levels. Support at 121.60/65 and 121.40/50; resistance at 122.65, 123.10 and 123.65.USDJPYM30

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