USD/CHF Potential Retracement as the M H5 Level is Broken
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Dear Traders,
The USD/CHF is at highs. Due to the ATR resistance we might see a drop soon. The M H5 has been hit too.
The price has broken above M H5 level at 0.9786. This means that we might expect a retracement although a shallow retracement already happened after a pink dot showed up. Now we might see another retracement within 0.9829-40 zone towards 0.9798. Due to low ATR, targets are 0.9792 and 0.9766. For bulls, 0.9850 should be hard to break as the EUR/USD might go up soon.
The Analysis has been done with the CAMMACD.Core and Sit Systems
This article was originally posted on FX Empire
