Upside potential on USD/CFH
Not a pair I'd like to trade, but I found this chart interesting. Prices are currently rebounding off the 61.8 retracement level drawn from May 2015's lows to last year's highs. A downward-sloping trend line can be drawn from December's lows, passing by those made in February. I wouldn't be surprised if we saw the dollar bounce back up to the 0.97 mark, which would give us around $1.115 on EUR/USD. USD/CHF must remain above 0.955 for this to remain valid.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.