Currrency Trading Commentary: 15 May
The bias for the USDCHF is bullish.
We’ve switched to a four-hour chart today to better highlight the recent bull move.
The shorter-term EMAs are crossed higher and the price action is above the longer-term EMA filter, which is positive.
Whilst we are bullish, we would only be buyers on stop above last night’s high.
Traders can look to be buyers on stop, at 0.9380.