Hello Traders.
For today im looking for a reversal on USDCHF.
As you can see the price was ranging in a respected canal since the 17th of June.
Technically, we can see that the bearish resistance trend was broken and retested with an obvious bullish hammer wich confirms that is not a fake breakout.
Fundamentally, the USD is way stronger than CHF.
So we might look for 0.9800 levels, let's see how the market behaves.
This is not a signal call, do your own analysis before taking any risk.
Good luck.
For today im looking for a reversal on USDCHF.
As you can see the price was ranging in a respected canal since the 17th of June.
Technically, we can see that the bearish resistance trend was broken and retested with an obvious bullish hammer wich confirms that is not a fake breakout.
Fundamentally, the USD is way stronger than CHF.
So we might look for 0.9800 levels, let's see how the market behaves.
This is not a signal call, do your own analysis before taking any risk.
Good luck.
