USDCHF - Intraday - We look to Sell a break of 0.9212 (stop at 0.9231)
We are trading at overbought extremes.
Bearish divergence is expected to cap gains.
A higher correction is expected.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
A break of yesterdays low would confirm bearish
momentum.
Our profit targets will be 0.9159 and 0.9149
Resistance: 0.9240 / 0.9260 / 0.9280
Support: 0.9220 / 0.9200 / 0.9180
We are trading at overbought extremes.
Bearish divergence is expected to cap gains.
A higher correction is expected.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
A break of yesterdays low would confirm bearish
momentum.
Our profit targets will be 0.9159 and 0.9149
Resistance: 0.9240 / 0.9260 / 0.9280
Support: 0.9220 / 0.9200 / 0.9180
