USDCHF – The Trend Held

The pair pushed through the 1.1350 resistance and already retested it as an intraday support level in the Asian session, this showed the bullish trend is still intact and our attempt to catch an early short hasn’t payed off. For now we have to look at the bullish channel marked on our 1 hour charts and pick potential long entry signals close to the lower trendline and perhaps try again at the short side when the pair moves in on resistance.

The pair pushed through the 1.1350 resistance and already retested it as an intraday support level in the Asian session, this showed the bullish trend is still intact and our attempt to catch an early short hasn’t payed off. For now we have to look at the bullish channel marked on our 1 hour charts and pick potential long entry signals close to the lower trendline and perhaps try again at the short side when the pair moves in on resistance.

 

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