26.05.2020
The 0.9700 support level is holding back sellers. A descending truncated pattern has formed, which may be a wave B of an ascending pattern of a larger wave level. Stochastic Oscillator signals oversoldness.
Trading recommendations:
Buy while an ascending pattern is forming, where wave A breaks through the inclined channel of the descending truncated pattern.
Stop loss below the support level of 0.9700.
Target levels: 0.9736; 0.9750; 0.9780.
The USDCHF rate online: monitor the movement of the pair in real time.
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