Recommendation: BUY 1…
USD/CHF: franc broke loose
On the USD/CHF daily chart, the Bears managed to withdraw quotes from short-term upward and long-term downward trading channels. This increases the risks of realization of the targets 224% and 127,2% in the AB=CD and Crab patterns. In case of the strong bearish trend you should consider selling on the growth. The nearest resistance can be found at 0.9635.
On the USD/CHF hourly chart, the downward movement continues. Bears indicated their presence at the level of 0.964.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…
We’ve got a pullback from the lower “Window”, so there’s a bullish “Doji”, which has been confirmed .