USD/CHF’s strong rebound last week suggests that correction from 0.8956 has already completed at 0.8735, and rise from 0.8374 is ready to resume. Initial bias stays on the upside this week. Break of 0.8956 will confirm this bullish case and target 61.8% projection of 0.8374 to 0.8956 from 0.8735 at 0.9095. On the downside, below […]
Daily Pivots: (S1) 0.8438; (P) 0.8460; (R1) 0.8488; More… USD/CHF is still bounded in range trading and intraday bias stays neutral for the moment. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. Nevertheless, firm break of 0.8548 will […]
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