UnknownUnicorn1065389

UnknownUnicorn1065389

If it starts going down not up without creating any new highs we might see a pullback to .38. This is just an idea, not a suggestion. Good luck!

UnknownUnicorn1065389

2 things could happen imo 1) pullback/reversal after testing the fibo levels; 2) new highs (continuation of the current bullish trend). I see a strong dollar against the franc and combined with my technical analysis I am supportive of the second idea.

UnknownUnicorn1065389

IMO the pair is oversold, but as we all know that doesn't mean anything and buying/selling countertrend is highly risky and shouldn't involve big lot trades with low risk to reward ratio. KEEP IN MIND this is not a suggestion but and idea and first we need some slightly bullish momentum to confirm the pullback.