amanpaulbhogal
Long

USD/CHF Long set up

FX:USDCHF   U.S. Dollar/Swiss Franc
USD/CHF             has found support at the previous level of resistance after breaking through once a support level at the round level of 0.9040. The pullback from the previous rally has tested this area which is also very close to the 0.382 (38.2%) Fibonacci level. The close of today's bullish price bar is above this area and the 20 ema. Both RSI and Stochastic are in convergence. A profit taking area for a move up would be the high of January 2014 high at 0.9155 above the 1.272 (127%) Fibonacci extension at 0.9040.
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