The forecasted correction to a bullish uptrend has occurred, yet as to its continuation there is a lot of uncertainty. Most sentiments point to a move toward resistance 102.13. The large note of concern this week is due to interference from large amounts of fundamental events later in the week. As for today, the uptrend is expected to continue as liquidity speeds up. Traders are advised to look for a majority of strong CALL options from 30 minutes to 1 hour.
The asset seems to have reached its uptrend limit as the correction has cold stopped against resistance line 1.1099, not showing the relevant strength to continue, it expected to make a change to a bearish downtrend. Looking towards the remainder of today, there is a high change for continued sideways trading until the US market where a downtrend is expected to appear. Traders are advised to trade as the patterns appear on options of up to 30 minutes.
Another interesting turn to a downwards trend. The USD/CHF its falling short of its expected gain and pushing resistance level 0.8841. the downtrend is expected to occur within the day and should be seen during the US market hours. Traders are advised to look for PUT options ranging from 10 to 30 minutes.