
Originally Posted by
reky
The dollar against the SWISS Frank last Friday moved in a neutral trend after it touch the major resistance level at 1.2280s, the way is still open towards the upside until the major resistance level at 1.2320s as we explained last time; nevertheless, the pair lacks enough bullish momentum therefore we expect the downside move for today to the key support level at 1.2220s.
The trading range for today will be between the key resistance at 1.2300 and the key support at 1.2200.
The general trend is down as far as 1.2530 remains intact, targets at 1.1875 and 1.1665.
buying USD/CHF above 1.2260 with a target at 1.2320, stop loss below 1.2200.
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