USDCHF - We Look to Buy at 0.9903

USDCHF - We Look to Buy at 0.9903

3 June 2016, 07:53
Roberto Jacobs
0
9

USDCHF - We look to Buy at 0.9903 (stop at 0.9873)

USDCHF - Posted mild net daily gains but all trading confined to the previous days range, an indecisive Inside Day.

Price action is forming a bullish flag which has a bias to break to the upside. There is no clear indication that the upward move is coming to an end. The medium term bias remains bullish.

The formation has a measured move target of 0.9940. Further upside is expected and we look to set longs in early trade. Our profit targets will be 0.9940 and 1.0000.


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