Chris Capre’s Current Active Open Trades: EURCHF, CHFJPY, EURRUB, USDRUB, FTS, TRP, REMX, FXo EURJPY, FXo EURPLN
USDCHF – ST Corrective Structure @ ~Parity (4h chart)
After a strong bull run that started with a double bottom around 0.9450 and breaking through a key resistance on its way, bulls seem to have taken the foot off the gas and price has formed a ST corrective structure around 1.0000.
Every attempt by the bears to push lower has been strongly rejected by the bulls so far, suggesting they’re still very active and likely interested in pushing this pair even higher.
Thus, ST bulls should find the bottom of this structure at 0.9940 to be an interesting area for potential longs.
A …... Keep reading