USDCHF - We look to Buy a break of 1.0095

Pia-first Team PIA-first

USDCHF - We look to Buy a break of 1.0095 (stop at 1.0065)

USDCHF - The medium term bias remains bearish. Dips continue to attract buyers. Due to an Ending Wedge formation, we continue to treat extended gains with caution. Trend line resistance is located at 1.0166. We have a 61.8% Fibonacci pullback level of 1.0158 from 1.0342 to 0.9860. A bullish reverse Head and Shoulders is forming. A break of 1.0092 is needed to confirm follow through bullish momentum. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit targets will be 1.0155 and 1.0200.

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Pia-first Team

PIA-first

Our analysis service is provided by 4 market professionals who have between them spent 85 years in investment bank and professional firm dealing rooms as traders, salesmen and analysts.

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