USDCHF - Going through a possible correction
Seems like a correction is underway after finding support in the region of 0.9258. A move higher is capped firstly by the 20SMA and the 0.382 Fib level.
Today's weekly employment claims report could be the trigger. A drop towards 0.91465 is likely if 0.382% resistance level holds (which could hold considering we have the SR confluence with the Fib level)
Today's weekly employment claims report could be the trigger. A drop towards 0.91465 is likely if 0.382% resistance level holds (which could hold considering we have the SR confluence with the Fib level)