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
