If you take a look at the USDCHF daily chart, you’ll see that it got rejected from an important long term support level around 1.1013, this tells me that the USDCHF is likely to continue its way up until it hits the next long term resistance level around 1.1248.

In the short term charts, it is trading in a small range:

Right now, the USDCHF is in a bullish market condition, but if you want confirmation, wait until it breaks the HOPS1 level, then it will be in a very strong uptrend in the short term charts.

Trade Safe

Raul Lopez
http://www.protradingnow.com/