Overview:
- According to the previous events, the USD/CHF pair has still trapped between 0.9542 and 0.9365 in the H4 chart.
- Also, it should be noted that the double top will be set at 0.9542.
- Strong resistance will be formed at the level of 0.9540 providing a clear signal for sell deals with targets at 0.9440 and 0.9370.
- Stop-loss is to be placed above the double top at 0.9542.
- Strong support will be formed at the level of 0.9365 providing a clear signal for buy deals with a target at 0.9530.
Observations:
- We expect a range about at least 87 pips in coming day.
- The risk of 58 pips must make a profit of 87 pips.
- The value of 61.8% Fibonacci retracement levels is 0.9365.
- The level of 0.9365 will confirm the bullish market.
- Volatility is 112.84. As a rule, the market is highly volatile if the last day had a huge volatility.
- The trend is still clling for strong bullish market from the area of 0.9365.
