Market is strongly bullish, with the Daily TF showing a wide separation between the 21EMA and the 55EMA.

Price is currently at the MPP after testing the psych level of 1,00 CHF and falling aggressively on the account of some USD weakness earlier on this week. Besides this, it is important to note that this current area is a very important one based on strong previous key levels of support.

Now, price is setting a Higher Low on the 15 minute chart off the MPP and WM1, so I’ll be looking to buy on this level if price retraces after a Higher High, with the 5/8 cross (on the 15 minute) as confirmation.

USD/CHF - Daily



Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.