Currency analyst

USD/CHF: will franc return to the triangle ?

On the USD/CHF daily chart, "bulls" failed to fulfill target at 0.984. Afterwards, there was a there was a rapid rollback. "Bears" may try to return to the boundaries of the triangle. Rebound from the resistance at 0.974 will create prerequisites for opening long positions. Target 88.6% (0.9865) of the Shark pattern has not been fulfilled, so, there is a room for improvement.

On the USD/CHF hourly chart, if "bears" fail to attack levels at 0.974 (50% Fibonacci retracement from the last upward wave) and 0.9705 (88.6% target of the Shark pattern), it will be a signal for "bulls" to attack. 

Recommendations: BUY 0,974 SL 0,9685 TP1 0,984 TP2 0,9865, BUY 0,9705 SL 0,965 TP1 0,984 TP2 0,9865

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