For the dollar / franc pair, the key levels on the H1 scale are: 1.0059, 1.0044, 1.0015, 0.9995, 0.9970, 0.9954 and 0.9934. Here, we are keeping abreast of the increase in structure from June 7. Short-term increases may occur in the range of 0.9995-1.0015. The price breaks below the 1.0015 level will be accompanied by a strong upward movement. Here, the target is at 1.0044. We consider the level of 1.0059 potentially to be the top level, which after reaching prices is expected to consolidate and turn down.
Short-term declines may occur in the range 0.9970 - 0.9954. Prices breaking below the level of 0.9954 will cause a long correction. Here, the target is 0.9934. This level is the key support for the top level. The main trend is the cycle of increases from June 7.
Trading recommendations: Buy: 0.9995 Take profit: 1.0015 Buy: 1.0017 Take profit: 1.0044 Sell: 0.9970 Take profit: 0.9955 Sell: 0.9952 Take profit: 0.9936


Thread: 
Thanks
Currently Active Users
Forex Forum India Statistics