FX.co ★ Devil786 | USD/CHF

Technical analysis USD/CHF H-4 Having highlighted the current price movement of the US dollar/Swiss franc currency pair, I think it is not worth talking with confidence about continuing the four-hour upward trend, but it is also premature to see it down, as technical indicators show that. The pair is about to fall in a sideways trend within the limits between the support at 0.8810, where, by the way, the lower limit of the Bollinger indicator has already been reached, and the resistance at 0.8860 in the upper part, and we also see that the upper boundary of the Bollinger indicator will also be at this point soon. As for the decline, we do not have any bright signals yet, especially since the price is now in direct contact with the 55-period moving average line, but the stochastic is already at the lower limit of the indicator, so the bears cannot. Rely on support. Most likely, the price will follow the path showed on my screen until the fundamental drivers are received that will provide a certain direction of movement, and today we are also waiting for a change in the number of initial applications for unemployment benefits in the US. As well as the index of manufacturing activity from the Philadelphia Fed and data on home sales in the current market, and these are only the main ones from other published news, so, perhaps, starting from 16:30 Moscow time we will determine the vector of movement of USD/CHF. Completion of the bearish correction; creation of a bullish recovery movement on its basis; Tomorrow: the possibility of moving to the figure of 90, where I plan to complete my purchases and then watch the market reaction in this zone. If the bearish correction is not completed and the bulls need more "fuel for the move" than they have already refueled in the breakout area, I note the possibility of moving to the following correction zones, where I will "top up" with it. Another long one: Support area at 0.87480; Area of breakthrough of the resistance line of the descending channel;