Right above is the usual monthly supply zone from 1.020 to 1.035 where price reversed the last 7 years
A possible obvious reversal on the daily and a close below the big level of 1.00 will probably give us a short signal at least for the near term horizon to retest demand levels, as Swiss Central Bank has entered the global race of currency devaluation
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.