Trader_97
Long

USD/CHF UPDATE :

FX:USDCHF   U.S. Dollar/Swiss Franc
26 0 1
So Usd/Chf             for the past 3 hours seems to have been correcting lower but price action does indicate some reaction and push towards the upside from 0. 50% Retracement level @0.9855 area.Price dipped below it and quickly found support @ 0.9848 area. Can't say if this little pull back is meaningful just yet since we have the Rate decision tonight but it may provide an opportunity to Go long for a few pips if we close the Hour with a nice Hammer candlestick formation.

On Hourly TF Price seems to have bounced above the 100 day SMA which seems a like a fair indication :)
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