USD/CHF analysis for July 12, 2018

Recently, USD/CHF has been trading upwards. The price tested the level of 0.9978. According to the H1 time — frame, I found a breakout of the bullish flag, which is a sign that buyers are in control. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.0000 and at the price of 1.0050.

Resistance levels:

R1: 0.9980

R2: 1.0004

R3: 1.0040

Support levels:

S1: 0.9920

S2: 0.9885

S3: 0.9860

Trading recommendations for today: watch for potential buying opportunities.

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