USDCHF: Recovers Higher, Threatens Price ExtensionUSDCHF: The pair closed higher the past week after halting its one-week weakness. This has opened the door for further upside possibly towards the 0.8924 level in the new week with a cut through here will aim at the 0.8952 level. This level if broken will aim at the 0.9000 level with a close above here eyeing the 0.9050 level and next the 0.9100 level. On the downside, support lies at the 0.8742 level where a break will turn focus to the 0.8700…See More
$EURUSDWhat ProAct Forex Target Traders See: We are currently sitting @ 1.3813. We were unable to even get the gap closed so we are looking for a continued move DOWN to the 1.3723 area and a breakout would target the 1.3665. We may still have one higher move to fill the gap. The average daily true range (ATR) for the pair currently is now down to only 64 pips.…See More
"Great discussion on this rather enigmatic pair. The weekly view shows a pull back in progress within an uptrend. So far the 20EMA has been able to contain price, so the low 1.37 area makes good sense for a short.
Looking at the daily, you see that…"
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