This pair has touched the upside trendline 3 times and bounced from it, which leads us to believe that the upside momentum is still strong.
We can also see that the downside trendline ( aka . correction flag) has been broken and retested. Which gives us more reason to think that there will be more upside to come on the USDCHF .
📰 Fundamentals to watch:
- U.S. Building Permits
- U.S. Crude Oil Inventories
- U.S. Federal Open Market Committee (FOMC) Meeting Minutes
- U.S. Initial Jobless Claims
- U.S. Philadelphia Fed Manufacturing Index
- U.S. Existing Home Sales
Risk Only: 2-3%
For more updates join our Telegram channel: T.me/UncleBullFX