Overview:

• According to the previous events, the USD/CHF pair has still trapped between 0.9542 and 0.9365 in the H4 chart.
• Also, it should be noted that the double top will be set at 0.9542.
• Strong resistance will be formed at the level of 0.9540 providing a clear signal for sell deals with targets at 0.9440 and 0.9370.
• Stop-loss is to be placed above the double top at 0.9542.
• Strong support will be formed at the level of 0.9365 providing a clear signal for buy deals with a target at 0.9530.

Observations:

• We expect a range about at least 87 pips in coming day.
• The risk of 58 pips must make a profit of 87 pips.
• The value of 61.8% Fibonacci retracement levels is 0.9365.
• The level of 0.9365 will confirm the bullish market.
• Volatility is 112.84. As a rule, the market is highly volatile if the last day had a huge volatility.
• The trend is still clling for strong bullish market from the area of 0.9365.