USD/CHF has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 4 days and suggests a possible target level to be around 0.9293 within the next 20 hours.
Related Posts
After testing the resistance line numerous times, EURGBP is once again approaching this line. Can we expect a bullish trend to follow?
Emerging Flag pattern in its final wave was identified on the EURGBP Daily chart. After a strong bullish…
Important price line being approached by EURCHF. This price has been tested numerous times before.
EURCHF is heading towards 0.9412 and could reach this point within the next 11 hours. It has tested…
Because USDJPY formed a Channel Down pattern, we expect it to touch the support line. If it breaks through support it may move much lower
USDJPY was identified at around 146.8725 having recently rebounded of the resistance on the 4 hour data interval.…