The Swissy is the nearing a resistance around the 0.89939 level that has been tested and proven strong from 17th April 23 to 6th July 23.
The pair is also displaying bearish divergence from the 4 hour to the 5 min chart.
I believe the bears will come into play as soon as Monday pulling the pair down and I intend to be one of those bears with an entry at the open or possibly once the 0.89766 level is breached to the downside . For now we wait to trade what we see.
The pair is also displaying bearish divergence from the 4 hour to the 5 min chart.
I believe the bears will come into play as soon as Monday pulling the pair down and I intend to be one of those bears with an entry at the open or possibly once the 0.89766 level is breached to the downside . For now we wait to trade what we see.