FBS: trade recommendation for USD/CHF
Tatyana Norkina, FBS analyst
The pair retraced to the 0.9570 support, breaking below 0.9590. The current price declinecan be seen as corrective.
Ichimoku. The H4 picture still remains rather bullish. The Cloud is widening to the upside. Tenkan and Kijun lines formed a golden cross.
The H1 Cloud looks bearish too. The dead cross is a reflection of a short-term market sentiment. If the prices hold above 0.9590, the pair will recover to 0.9655.
Technical levels: support – 0.9570, 0.9590; resistance – 0.9620, 0.9655.
1. Buy — 0.9590; SL — 0.9570; TP1 — 0.9620; TP2 — 0.9655.