USDCHF - Go Long but Pay Attention!

The USDCHF reverse the downtrend and the EMAs + the trend line is supporting this idea. If the EMA 25 crosses upwards the EMA 50, without doubts we can go long, at least 2 Fibonacci levels as shown.

Be careful, because if this pattern is not confirmed by the EMAs, the currency could keep the downward trend that remained for quite a long time.

Be also careful, since at 12:30 (8 am - 8:30 ET) there are news releases affecting dollar.

Chart PatternsTechnical IndicatorsTrend Analysis

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