By: Doug Rosen
Yesterday turned out to be an up day for the Swissy. Price had a lot of resistance above it in the form of pivot points over multiple timeframes and still overcame it all and went up.
I would watch for continuation to the upside until about .9300 then to expect to see resistance kick in.
On the 4 hour timeframe price continues to ride the 5 ema up and the upper Bollinger band is open and pointing up.
On the hourly timeframe chart same story, price is riding up the 5 ema with the upper Bollinger band wide open.
On the 15 minute timeframe price is riding up the 13 ema. Price has just broken above the daily R1 pivot at .9220 and is above the monthly R1 at .9199 I would be watching for bullish continuation for this pair up to .9300