Weekly technical levels:
Forecast for the short term:
According to the previous events, the price of USD/CHF pair has still been trapping between 0.9000 and 0.8845. Buy above 0.8845 with the first target of 0.8903, it might resume to 0.9 if the trend will be able to break the double bottom at the level of 0.8903. Stop loss should never exceed your maximum exposure amounts. therefore, stop loss should be placed below the 0.8823 level. If the trend is upward, then the strength of the currency pair will be defined as following: USD is in uptrend and CHF is in downtrend. Fibonacci retracement is used to determine accurate psychological levels of support and resistance. The period of time should be taken into account. Fibonacci is in a range trade; it looks like the trend is trapping and going up or down. If you sell or buy for a long term in this period, you will surely lose your profit. As a rule, the market is highly volatile if the last day had a huge volatility.