Chart of the Day USDCHF

USDCHF is reaching a strong upside resistance

 

USDCHF is reaching a strong upside resistance 0.9950-0.9974 zone. A confirmed daily close above this level should lead higher to 1.0050 level and it could be a good long trade. A rejection from here would open a healthy pullback into 0.9700. This is the place where short trade entries are favored.

ARMAT trading system is neutral

Note: look for the short trade entries with the stop loss above 0.9970 level. If you are stopped reverse to long trades.

 

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