FX.co ★ blaise.rogahn | USD/CHF

Hello traders, on the USD/CHF pair, we were able to break out of the daily trading range above the level of 0.7894 last Friday, turning USD/CHF into a non-trading pair. Now, the north direction is a priority, but it's unclear where to set targets. To open short positions on the USD/CHF pair, we need to see a daily candle close below the level of 0.7894, which would provide a great selling signal that I am honestly counting on. I am waiting for the USD/CHF pair to return below the 0.7894 level, and such a return will pave the way for USD/CHF to drop to the support level of 0.7731. To reverse to the south, we only need to drop 18 points from the current price of 0.7912.