This is more like update to my previous analyse regards this pair. EURUSD made its move and USDCHF stayed behind a little bit. USDCHF and EURUSD are very correlated with each other. one is going down the other is going up. All these lime stripes represents Daily GAP's which are acting as a support/resistance area. I'm expecting two scenarios here:
1.Pair will go above 1.000 soon with nice big candle
2.It will play around and then 200 MMA give it a push to go higher.
... well there is actually a lot more scenarios but I think that these 2 mentioned above have most chance to happen
TP is close to previous highest high which is at 1.0333 level. R/R is around 2.5 and this is more like long term position where I;m not expecting this one to reach TP in week or two.
1.Pair will go above 1.000 soon with nice big candle
2.It will play around and then 200 MMA give it a push to go higher.
... well there is actually a lot more scenarios but I think that these 2 mentioned above have most chance to happen
TP is close to previous highest high which is at 1.0333 level. R/R is around 2.5 and this is more like long term position where I;m not expecting this one to reach TP in week or two.
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