(0,9674) The USD/CHF confirmed the previous day’s session that was of course not a positive day reversal but a negative one, however not confirmed by yesterday’s closing!! While above 0,9580 on a daily closing we expect further direct strength!! The indicators of the daily chart are still well positive but those of the s/t ones are still showing a mixed picture suggesting further consolidation. In the hourly chart we have however a positive reversal suggesting a s/t target at 0,9803; to be confirmed we need a return above 0,9700!! In the hourly chart we have now also a potential S_H_S formation with the neck line at 0,9590!! We are still waiting for a buying opportunity but only close to the 0,9500 area!!
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