The breakout of USD/CHF through the 0.8905 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, USD/CHF could test 0.8821 within the next 5 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Related Posts
AUDCAD moves higher to 0.89048 in the last 17 hours.
AUDCAD hits 0.89048 after a 1.16% move spanning 17 hours.
Interesting opportunity on EURUSD after breaking 1.1574914285714286
EURUSD moved through the resistance line of a Channel Down at 1.1574914285714286 on the 4 hour chart. This…
GBPJPY has broken through a resistance line. It has touched this line numerous times in the last 7 days.
GBPJPY has broken through a resistance line. Because we have seen it retrace from this price in the…