USD/CHF - 1.1093

Most recent candlesticks pattern : N/A Trend : Sideways

Tenkan-Sen level :1.1100 Kijun-Sen level :1.1100 Ichimoku cloud top :1.1103 Ichimoku cloud bottom :1.1032

Original strategy :

Bought at 1.1085, Target: 1.1165, Stop: 1.1035

New strategy :

Hold long entered at 1.1085, Target: 1.1165, Stop: 1.1055

Despite yesterday's retreat to 1.1060, as dollar found support there and has rebounded, suggesting as long as this level holds, mild upside bias remains for another rise to resistance at 1.1139, break there would extend upmove from 1.0924 towards next resistance at 1.1184, however, above there is needed to confirm correction from 1.1245 has ended and bring resumption of early upmove for an eventual retest of 1.1245.

In view of this, we are holding on to our long position entered at 1.1085. Below yesterday's low would risk test of previous support at 1.1036 and break there would risk correction to 1.0980, however, support at 1.0924 should remain intact.

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