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Maverick45

USDCHF 1H - Move along Trendline to Daily R3/Weekly R2

Long
U.S. Dollar / Swiss Franc (FX:USDCHF)  
Maverick45  
FX:USDCHF   U.S. Dollar / Swiss Franc
Support and Resistance Moving Averages Trend Lines USDCHF 1hr 1h
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supportandresistance movingaverage trendline usdchf 1hr 1h
USDCHF
Price currently moving up along a trend line that is also the 20EMA and mid Bollinger Band. Reaching a squeeze point between the Daily R1 and 75 Fib and upper Bollinger Band. Expecting price break to the upside to the daily R3 which is also the weekly R2 and psychological 0.9980 (just below 1.00).

Watch for a break of the trendline to the downside as price could retrace to daily Pivot at 0.9890 and 55EMA.
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