(0,9460) The USD/CHF confirmed as well a strong closing supported by the EUR/CHF move. Possible a direct extension toward the resistance line at 0,9480; a break confirmed by a daily closing above this line will support a resumption of the move up!! The indicators of the daily chart are now well above the line and also those of the s/t ones are in positive territory supporting further strength. However overbought conditions could in the s/t limit the upside causing a correction. We did not yet sell the move above 0,9450 as suggested in yesterday’s report; we prefer waiting for the European market to fully open. We sell however a 0,9480 overshooting putting however a stop at 0,9555!!
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Future Trend Research