Did a scan on the news calendar and there is a string of news announcement affecting USD pairs in the morning, asia timing.
Unless you have deep pockets, or you are trading on higher timeframe, it is better off to keep sideline in the morning. At smaller timeframe, price movement is hovering around the 34ema in the early hours during asia timing - hugging the ema is probably sounds more appropriate.
Notwithstanding this, the larger timeframe is showing a downward trend for CHF. Forex traders should find opportunity to take on a short position.
Your trade results will show if you are doing what is correct or you are doing what you like
Red - High Impt, Orange - Mid Impt, Yellow - Low Impt
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