USDCHF - Intraday - We look to Sell a break of 0.9212 (stop at 0.9231)
We are trading at overbought extremes.
Bearish divergence is expected to cap gains.
A higher correction is expected.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
A break of yesterdays low would confirm bearish
momentum.
Our profit targets will be 0.9159 and 0.9149
Resistance: 0.9240 / 0.9260 / 0.9280
Support: 0.9220 / 0.9200 / 0.9180
We are trading at overbought extremes.
Bearish divergence is expected to cap gains.
A higher correction is expected.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
A break of yesterdays low would confirm bearish
momentum.
Our profit targets will be 0.9159 and 0.9149
Resistance: 0.9240 / 0.9260 / 0.9280
Support: 0.9220 / 0.9200 / 0.9180
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.