USD/CHF Mid-Day Outlook
Daily Pivots: (S1) 0.8918; (P) 0.8969; (R1) 0.9021; More…
With 0.9057 minor resistance intact, USD/CHF’s consolidation from 0.9182 might still continue. Another fall cannot be ruled out but downside is expected to be contained by 0.8647 support and bring rally resumption. Above 0.9057 minor resistance will flip bias back to the upside and break of 0.9182 will target 161.8% projection of 0.7065 to 0.8246 from 0.7710 at 0.9621. Nevertheless, break of 0.8647 support will argue that a short term top is at least formed on bearish divergence condition in 4
No comments:
Post a Comment