Signal_Centre1

Buying USDCHF at market.

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
USDCHF - Intraday - We look to Buy at 0.9613 (stop at 0.9588)

The bullish engulfing candle on the daily chart is positive for sentiment.
20 4 hour EMA is at 0.9613.
Price action is forming a bullish flag which has a bias to break to the upside.
We look for gains to be extended today.

Our profit targets will be 0.9673 and 0.9683

Resistance: 0.9640 / 0.9660 / 0.9690
Support: 0.9620 / 0.9600 / 0.9580
Trade active

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.