Tickmill

SWISS FRANC Futures (6S1!), H4 Potential for Bullish Rise

CME:6S1!   SWISS FRANC FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)
Type : Bullish rise
Resistance :1.03220
Pivot: 1.02695
Support : 1.03220

Preferred Case: On the H4, with the price pullback from the support, combined with the fundamental news, we have a short term bullish bias that the price may rise from the pivot at 1.02695, where the current price is to the 1st resistance at 1.03220, where the overlap resistance and 23.6% Fibonacci retracement are.


Alternative scenario: Alternatively, price could drop to the support at 1.02025, where the swing lows are.

Fundamentals: The CPI m/m and Retail Sales y/y are out today, both of them are better than the expectationa nd previous data.

This analysis is provided as general market commentary and does not constitute investment advice.
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