Technical analysis USDCHF for 26.02.2024
The Tenkan-sen line is located above the Kijun-sen line. Blue is directed downward, while red remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.88380. The closest support is the level 0.87700

Key levels
0.89050, 0.88730, 0.88380, 0.87700, 0.87270, 0.86870
Trading scenario
Recommended opening long positions (Buy Stop) from the level of 0.88380, with Take Profit of 0.88730 and Stop Loss of 0.88000
Alternative scenario
Recommended opening short positions (Sell Stop) from the level of 0.87700, with Take Profit of 0.87270 and Stop Loss of 0.88000