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Long

USDCHF long view, neutral zone

FX:USDCHF   U.S. Dollar / Swiss Franc
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Hi

USDCHF - 1.00956 is an interesting price target but can be contested with 0.99819 and that is if the market breaks the resistance level 0.99038 (line break) which will confirm the up-move. It is in a supply zone on the Daily chart arguing with the overbought area on Weekly stochastics. Overall interest with this market is bearish for patience. Take care.
Good analysis. We will see tommorrow if it will go up or down or basically stagnation before Friday drop. Till 0.99250 it can still go short any time. And that will quite probably happen. There is not much steam, divergence on MACD H4, resistance zone from 0.99100 till 99250 is very strong and there was already quite big move. Daily MAs are either neutral or quite far away from the price.
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