USDCHF approaches minor support level 0.8951 – yesterday’s low – which also reversed the price at the start of May. With the both U.S. dollar and the Swiss Franc sentiments both showing weak bearish potential (in the case of this currency pair which essentially cancel each other out) – the intraday players are likely to trigger the short-term upward correction from the support level 0.8951 . Next stronger support stands at 0.8930 (monthly low from May) – intersecting with the lower daily Bollinger Band.
Trade closed: target reached