USDCHF Sell a break of yesterday low.
USDCHF - Intraday - We look to Sell a break of 0.9929 (stop at 0.9951)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A break of yesterdays low would confirm bearish momentum.
A higher correction is expected.
Overbought signals and exhaustion indicators offer fair reason to sell the index but we prefer to see a break of support before fading this impressive move.
Our profit targets will be 0.9876 and 0.9856
Resistance: 0.9970 / 1.0000 / 1.0030
Support: 0.9930 / 0.9900 / 0.9880
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A break of yesterdays low would confirm bearish momentum.
A higher correction is expected.
Overbought signals and exhaustion indicators offer fair reason to sell the index but we prefer to see a break of support before fading this impressive move.
Our profit targets will be 0.9876 and 0.9856
Resistance: 0.9970 / 1.0000 / 1.0030
Support: 0.9930 / 0.9900 / 0.9880
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.