Days upon days of strengthening Swiss Franc have given Dollar bulls no opportunity to take control of the market. I do firmly believe that we are coming to an end of this scenario and are paving way for a strong USD against CHF.
From a technical standpoint, an inverse heads and shoulders is forming on the hourly timefarme backed up by the daily hammer/pinbar. Should the daily candle close a bit stronger than it already is, would result in the formation of a morning star giving us about 3 confluences of incoming bullish momentum.
Id like to see price make a last kiss at 0.96302 to complete the Right Shoulder Formation and move upwards.
From a technical standpoint, an inverse heads and shoulders is forming on the hourly timefarme backed up by the daily hammer/pinbar. Should the daily candle close a bit stronger than it already is, would result in the formation of a morning star giving us about 3 confluences of incoming bullish momentum.
Id like to see price make a last kiss at 0.96302 to complete the Right Shoulder Formation and move upwards.