(0,9275) The USD/CHF confirmed a strong closing last night well above the top of the previous session that was already a positive day reversal. We may have a s/t bottom especially in case of a closing tonight above 0,9270!! The indicators of the daily chart are still well positive and at the moment also those of the s/t ones are well above the line, however showing already overbought conditions and potential negative reversals, especially in the hourly chart. Further strength could therefore be limited favouring instead a return toward the 200 hours line, now found still only at 0.9156. before moving lower the dollar could however extend further its move up testing the resistance line at 0,9300. In the hourly chart we have also a negative reversal but the target is 0,9079 and we saw already more or less this level at the beginning of the year; therefore we don’t see a lot of downside potential. We sold as suggested the move above 0,9260: we put a stop at 0,9320!
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Future Trend Research