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FxWirePro
Oct 19, 2015 6:05 AM

USD/CHF breaks trend line resistance at 0.954, targets 0.9640 Long

U.S. Dollar/Swiss FrancFXCM

Description

USD/CHF has broken trend line resistance 0.9540 (trend line joining 0.9736 and 0.9645) and this confirms short term bullishness, a jump till 0.9650 cannot be ruled out.

On the downside major weakness can be seen only below 0.9480 and break below targets 0.9420/0.9380.

The pair’s resistance on the higher side is around 0.9560 and break above targets 0.9600/0.9650.

Overall bullish invalidation only below 0.9480.

It is good to buy at dips around 0.9535 with SL around 0.9480 for the TP of 09645.

Comments
MahmoudAbouestiet
WE STILL IN BUY SETUP SINCE LAST WEEK - I REALLY GOT CONFUSED ABOUT YOUR SETUPS
MahmoudAbouestiet
i MEAN WE ARE IN SELL SETUP ALREADY
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