US$Chf has traded up to 0.9910 and looks set for further gains in the coming session although I think it will be generally fairly steady ahead of tomorrow’s US Jobs data
1 hour/4 hour indicators: Turning higher
Daily Indicators: Turning higher
Weekly Indicators: Neutral
Preferred Strategy: With both the short term and daily momentum indicators looking constructive we could see a run back to 0.9940/50 and possibly to 1.0000+.
Buy US$Chf @ 0.9880. SL @ 0.9840, TP @ 0.9980.
|0.9975||Minor||0.9835||100 WMA /5 Dec low|
|0.9946||21 Nov high||0.9805||200 DMA|
|0.9910||Session high||0.9783||Chart Gap|
|0.9895||(76.4% of 0.9946/0.9776)||0.9735||1 Dec low /100 DMA|
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