Our preference: LONG positions above 1307 with 1343 & 1357 in sight.
Alternative scenario: The downside penetration of 1307 will call for a slide towards 1297 & 1288.
Comment: a double bottom has formed and calls for a recovery.
USDCHF Technical Analysis - Sell at 0.9955
USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...
