movbarca
Long

USD/CHF BOUNCING INSIDE PENNANT

FX_IDC:USDCHF   U.S. Dollar / Swiss Franc
35 0 4
USD/CHF             IS BOUNCING INBETWEEN TO TWO TREND LINE . THIS BULLISH PENNANT FORMATION SHOULD ALLOW FOR USD TO BREAK UP TO THE UPSIDE. ONCE RESISTANCE TREND LINE IS BROKEN WE COULD SEE A RETEST OF IT, BEFORE BULLS LOOK TO FURTHER PUSH USD/CHF             TO MONTHLY RESISTANCE.
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