Short term (Intraday)

1,1338. USD/CHF currency pair is in an uptrend supported by 1H exponential moving averages. USD/CHF currency pair is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on USD/CHF currency pair.

The price should find a resistance below 1,1410 (72 pips). The consolidation should continue. The price should continue to move in Bollinger bands. If the resistance is broken then the target will be 1,1600 (262 pips).

We are waiting for a break of the resistance to take a long position.

Resistances 1,1410 – 1,1490
Supports 1,1305 – 1,1250

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