USD/CHF: franc is losing ground
Read the article on FBS website
Recommendation:
BUY 0.9520
SL 0.9465
TP1 0.9620 TP2 0.9720 TP3 0.9770
On the daily chart of USD/CHF, bulls managed to settle above an important level of 0.9510. This indicates their strength and allows to expect an advance to 88.6% target of the “Shark” pattern. To begin with, however, the pair needs to get out of the descending channel.
On H1, there’s a sustainable uptrend. Pullbacks to support at 0.9520 and 0.9480 should be used for buying with targets at 161.8% and 200% of AB=CD.
