USDCHF Possible Long Opportunity!!!
USDCHF looks like its pulling back,bulls tried turning diagonal resistance into support but with the daily closing inside it looks like they have failed.
Do not feel comfortable shorting, reason being strong key resistance turned support just below (Nov/March high) and 0.382.
Bulls did not set much support on the way up so losing the 1.01250 level could cause a quick flush down towards the diagonal support.
Diagonal support will more than likely match up with 0.5 0.618 fib levels, 50 100 EMAs depending on how we get there, we will have wait and see how all this plays out.
Do not feel comfortable shorting, reason being strong key resistance turned support just below (Nov/March high) and 0.382.
Bulls did not set much support on the way up so losing the 1.01250 level could cause a quick flush down towards the diagonal support.
Diagonal support will more than likely match up with 0.5 0.618 fib levels, 50 100 EMAs depending on how we get there, we will have wait and see how all this plays out.
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