Looking at the 1 day time chart, the currency pair is currently on a down trend as evident by the three black crows and the parabolic SAR. The current RSI of USDCHF is in the oversold region 28.75 and the candlestick have exceeded the lower bollinger band. There is a possible reversal based on these indicators.
Based on the 4 hour time chart, RSI levels above 70 indicates overbought. Trendline showing a bullish run exceeding the upper bollinger band. The prices have not broken through the resistance levels and is fluctuating around the resistance levels based on the 1 hour time chart. Indication of possible retracement and selling opportunity. However, continue to...
Expecting JOLTS actual to be lower than forecast based on the previous disappointment from the NFP. Expecting the EUR to fluctuate within the Bollinger bands and not exceed the resistance but heading for a short bull run. MACD expecting a convergence.
TP 1.13300
Entry point 1.13166
S/L 1.13130
