So the USD/CHF broke the 1.0970 support, which is now resistance, so I am waiting for pullback to around 1.0960 or so to enter short position. Any thoughts?
While 23.60% retracement stands at 1.0917 we could see a weaker than expected retracement as momentum remains strong. Initial resistance is at 1.0872. On the downside signs point to further Swiss gains, aiming for 1.0839, with crucial level at 1.0811.