Strifor || USDCHF-29/05/2024
Preferred direction: BUY
Comment: For the Swiss franc, the focus is on the level of 0.91424, from which buy-deal is expected, and at the same time the medium-term strengthening of the US dollar. The context for a long position has now been formed and one can look for an entry point. The best option would be to go long through a breakout, as shown in the chart. Scenario №1 and Scenario №2 in this case are precisely a long trade through a breakout. The growth target is fixed at the level of 0.92160.
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Comment: For the Swiss franc, the focus is on the level of 0.91424, from which buy-deal is expected, and at the same time the medium-term strengthening of the US dollar. The context for a long position has now been formed and one can look for an entry point. The best option would be to go long through a breakout, as shown in the chart. Scenario №1 and Scenario №2 in this case are precisely a long trade through a breakout. The growth target is fixed at the level of 0.92160.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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