USD/CHF, could the US dollar bulls cover 'SNB's move'?

usd-chf-02-03

Based on daily chart, they are not far away. US dollar is extremely bullish vs Swiss franc for days, cover more then 61.8 loss, after the SNB was remove the EUR/CHF 1.20 cap. In the last couple of days, US dollar have ‘problem’ with braking outer weekly trendline, whish has pushed the pair from May/June 2014. This level 0.9550/70 was also previous support from November/December 2014. and daily MA100 is placed here as well, today at 0.9538. If US dollar bulls manage to brake this level, 0.9800 will be the next test/resistance and 1.0200 the last one, where they will cover complete loss after ‘SNB’s move’. As I can see, they could cover that. What’s your view traders?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s