Following our previous forecast, USD/CHF brokeout above the 38.2% Fibonacci level and at the same time rejected the uptrend trendline, support areas around S2 (0.9542) and S1 (0.9608). The trend is strongly bullish and bulls should continue dominating until R2 resistance area (0.9888) is reached.
Consider buying USD/CHF on a minor pullback, preferably near S1 (0.9673) targeting R2 (0.9888). The stop loss can be placed just below yesterday's low of 0.9594.
Support: 0.9542, 0.9608, 0.9673
Resistance: 0.9755, 0.9888
.png)
For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of USD/CHF for July 30, 2015 . Thanks for your support.
No comments:
Post a Comment