MMBTtrader

USDCHF is touching strong support zone and ready to pump

Long
FX:USDCHF   Dollar américain / Franc suisse
AS we can see we have two important and strong support zone ahead that it seems that the first one even touched .
and why strong support zone ?
1.dxy and usdchf for example had great amount of rise in previous weeks and it can continue after this needed correction and we are now on 0.5% of Fibonacci
2. 200Ma broke and it would be retest and rise is expected after that .
3. if and if this green cycle that is here break then again we can see continuation to upside from 0.61% of Fibonacci and is mentioned on chart with green rectangle .

Targets:
A. 92.00
B. 93.00

DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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