The USDCHF breaks above the 0.9733 level which is where we can find the 200 week EMA, but the zone may still act as a resistance. A better resistance though is at the 0.9800 level where we can find the 200 day EMA and the 55 week EMA. To the downside, the 0.9700 level may act as support.
Hi All , I am currently in a short for USDCHF as I can see the price is below major moving average 200 SMA in the daily chart , in which suggests to go short accordingly . The target for the short is @.9543 which is the lowest line of the standard deviation channel as per the image shown in the link . kindly if any wrong direction has been identified , do not hesitate to worn me .https://www.mql5.com/en/charts/91367...-securities-co