FBS: trade recomendation for USD/CHF
Tatyana Norkina, FBS analyst
The pair failed to overcome the 0.9100 resistance yesterday, dipping to the 0.9040 support. However, the bulls managed to recover to 0.9070.
Ichimoku. We concede a correction into the 0.9000 area. On the H4 chart the price remains capped by the Cloud border. On the H1 chart USD/CHF also trades in the "cloudy" area. If the 0.9085 resistance holds in the coming hours, prices will fall into the negative area and target 0.9040 or lower.
Technical levels: support – 0.9000, 0.9040; resistance – 0.9095/0.9100.
1. Sell — 0.9070; SL — 0.9090; TP1 — 0.9040; TP2 — 0.9000.