FBS: sell USD/CHF
By Tatyana Norkina, FBS
The pair entered the 0.8970-0.8990 resistance area. The bulls have already tested the upper boarder of this range yesterday, but the overbought market conditions are unlikely to let the price go up.
Ichimoku. On the H4 and H1 chart Chinkou Span points to a potential bearish move. Considering the resistance cluctered above the price, in the near term we expet to see a short-term trend reversal to the downside.
Technical levels: support – 0.8945, 0.8970; resistance – 0.8990.
Sell — 0.8980; SL — 0.9000; TP1 — 0.8945; TP2 — 0.8930.