Cabana Capitals Blog Technical Analysis Important price line breached by USDCHF

Important price line breached by USDCHF

Important price line breached by USDCHF post thumbnail image

USDCHF has broken through a support line. It has touched this line numerous times in the last 5 days. This breakout shows a potential move to 0.9086 within the next 22 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.

Supported by Downward sloping Moving Average

Target: 0.9086 Entry: 0.9106 Stop: 0.9127

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