forextidings

Will USD/CHF take a U-turn?

Long
OANDA:USDCHF   U.S. Dollar / Swiss Franc
USD/CHF is collapsing, which may try to recover the loss. Short-term investors can buy nearby the strong support channel for the targets of 0.9000 - 0.9060 - 0.9110.

At present, I don't recommend to sell at this point. Day traders can sell below the support trendline but after consecutive two or three red candles.

I will update the downside scenario while it becomes unstoppable. Currently, my above targets are intact for the positional traders.

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