Trade Alert
USDCHF looks quite overstretched to the upside, from the short-term perspective. But we also thought that two days ago and it still traveled higher.
For now we will monitor the potential bouncing ground near the 1.0125, marked by the highest point of March.
In order to start considering deeper extensions to the downside, we will wait for a drop below the 1.0110 area.
Please see the chart for details.
Don't forget your stop-loss.
USDCHF looks quite overstretched to the upside, from the short-term perspective. But we also thought that two days ago and it still traveled higher.
For now we will monitor the potential bouncing ground near the 1.0125, marked by the highest point of March.
In order to start considering deeper extensions to the downside, we will wait for a drop below the 1.0110 area.
Please see the chart for details.
Don't forget your stop-loss.