USDCHF Testing Support, Potential Breakout!

1 ביוני 2018

USDCHF broke out of our short term ascending support line and is testing our first support at 0.9848 (horizontal overlap support, 23.6% Fibonacci retracement) where we expect price to breakout and drop to our second support at 0.9731 (horizontal swing low support, 38.2% Fibonacci retracement).
RSI (89) is also seeing a bearish exit and we might see a further drop in price.