mkgone

Looks like a cross support. Just drawing - dont trade!

Suppose CHF index will touch rising trend line from June - making a SHS probably. USD index has some space to fall to rising trend line from 9/08. USDCHF looks little bearish in the near term or sideways. wait wait wait ;)

USDCHF tested the falling trend line(green) and made a weekly Close above 0.92 and above the orange rising trend line - that is at least not negative for the USD. A test of 0.90 can't be excluded, however I expect the next big trend to the North side I still think EURUSD hast very limited upside potential -> USDCHF has limited downside. So this week did not bring ...

USDCHF respected Support at ~0.92. Current candle does not look very bullish though that's why I would still wait and see. I think the following week should bring some new direction, probably to the upside - I see some inverted SHS there.

Continuing from my previous Chart. I think franc strength is at its last breaths now. SNB will not tolerate a new franc strength IMHO. So I would stay neutral until new signals come - a move up to parity will come I guess... Price is sitting on a good Support Zone now(green line).

As my previous Analysis was right Weekly EMA200 stopped the upwards trend followed by a sharp selloff. I would wait now for a correctional wave upwards to enter a short targetting the lower line of the triangle. Then it starts to become interesting. As the EURUSD has limited upward potential we could go Long there ...

Price in the zone of Weekly EMA200 + Monthly EMA50. Let's wait for Price Action to see how it Plays out...

SNB will start fire again...I assume :)