That huge pinbar denotes minor topping risks and while USDCHF moved above the .9724 price barrier which asess former topping risks and turns the attention back to more important price levels at .982 / .9841 – the high from earlier in December and the 2013 high.
If we see an extension above .9841 we can challenge .997.
As of now we are overextended and bids aren't being taken therefore we can only asses a retracement and should buy as soon as we can since the SNB has negative interest rates there is somewhat a "carry" here in regards to future value. ie. fed raising rates
If we see an extension above .9841 we can challenge .997.
As of now we are overextended and bids aren't being taken therefore we can only asses a retracement and should buy as soon as we can since the SNB has negative interest rates there is somewhat a "carry" here in regards to future value. ie. fed raising rates