USD/CHF 13.07.2016
D1 chart
Price goes above horizontal support and breaks diagonal resistance
Upward short term movement.
H4 chart
Price above horizontal and diagonal supports.
We can wait a correction to 0.9838 for better positioning.
Technical indicators:
CCI(50) and RSI(14) are in positive territory
Price above SMA50 and SMA200 - positive signal
Sentiment: SNB warned several times that franc is overvalued after it was used as safe heaven after Brexit. Consequent economic data from USA shows that the largest economy in the World is stable and even the fact that FED won''t touch rates this year USD remains strong.
SL: 0.9770
Jr. Trader Nikolay Georgiev
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