(0,9460) The USD/CHF confirmed another strong closing above the top of the previous session but it found good resistance at 0,9500. Possible a return toward the 200 days line at 0,9388, now support!! The indicators of the daily chart are still well above the line but those of the s/t ones turned already below the line supporting some consolidation/ correction. Yesterday’s extension started forming bearish divergences in the hourly chart suggesting a change of the tone to positive. A decline will therefore be corrective and a buying opportunity for a move above 0,9500!! We sold as suggested the 0,9480 and for the moment we stay short for a possible 0,9400 undershooting!! The stop is at 0,9555 that we want to lower as soon as possible.
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Future Trend Research