Machiel92

USDCHF Bulls tired? Bulls regaining strength to push more?

FX:USDCHF   U.S. Dollar / Swiss Franc
26 0 4
I've been following this chart for the couple of hours. I've been checking fib levels. looking at resistance. The 0.9798 - 0.9810 has been a big resistance area . Does it break the resistance and close a candle quite some pips above the resistance, then we sure will see a Bullish trend being continued.
Does the resistance hold once more. then bulls finally be sleeping and the USDCHF             should head towards the earth.
Depending on how strong the bears are, it would drop towards the 0.9700 level. dropping further would give it enough bearish power to go towards 0.9600 and lower.

It can go both ways,

Little short opened, i think its leaning that way now!
Comment:
snapshot


The daily chart does give a good sign that its at big resistance.
Comment: Well. maybe its handy to hide the short position.
Excuse me!

snapshot
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