USDCHF Retesting Support at 1.0900

Swissy failed at the first attempt to break above the 1.10 resistance level and retraced to retest the 1.09 support area; we have marked on the chart the two trendlines that signaled the latest move higher and also mark the closest support. For the bullish traders this is a good opportunity to enter new trades with tight stops just above the 1.09 support and a potential target above 1.1100. Swissy failed at the first attempt to break above the 1.10 resistance level and retraced to retest the 1.09 support area; we have marked on the chart the two trendlines that signaled the latest move higher and also mark the closest support. For the bullish traders this is a good opportunity to enter new trades with tight stops just above the 1.09 support and a potential target above 1.1100.

[NP][/NP]