Buy USDCHF at 0.8940

Pivot: 0.8850

Our preference: Buy USDCHF at 0.8940 with targets @ 0.9030 & 0.9120 in extension.

Stop Loss: A 4 hours close above 0.8850

Conviction: The USDCHF tested the falling trendline which the pair broke in the beginning of this month and bounced hard indicating price action. CCI is in the oversold zone on the daily chart

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
0.8900	0.8870	0.8850	0.8980	0.9000	0.9030

 

 

 

 

 

 

 

 

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