Time to BUY USDCHF... Clean Rejection!!!
Right now, we can see that USDCHF managed to reject off 0.9430 support level also 61.8 fib level. This would potentially show us a BULLISH potential for USDCHF to move back to its strong support and resistance level (Bold Lines). However, having said that, we have to see a confirmation at the 50.0 fib level for the bullish continuation. What we will like to see is a clean breakthrough off that level potentially bring us back to 0.9600-0.9700+ price level area. As of now, trade the bull but do look out for any form of BEARISH look.
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.