USDCHF sentiment signals are negative
The market continues to fluctuate around the 13-day moving average. This week's forecast is negative after demand stalled at the average and a daily Marabuzo line. This had an impact on early trading yesterday with strong selling during European trading almost reaching a big figure. Despite being compromised, to a degree, as the lows were not maintained our intraday signals for sentiment are negative.
Management and risk description
A move to 0.9690 means the stop can be lowered to break even or better.
Entry: sell in 0.9725/30 area and any rally to 0.9753.
Stop: 0.9787 bid.
Target: 0.9690, 0.9672 or even 0.9649.
Time horizon: intraday, ends London 4pm.
– Edited by Gayle Bryant