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LTCUSD – approaching a support line that has been previously tested at least twice in the past

LTCUSD is moving towards the support line of a Falling Wedge. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 18 hours and may test it again within the next 5 hours.

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We expect a $260 movement on EURUSD within 4 hours following the release of Markit Manufacturing PMI Flash.

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EUR/CHF Target Level: 1.0969

EUR/CHF Target Level: 1.0969

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