USDCHF potential bearish drop
The price has been rising, however the RSI is above the 70 threshold, so this indicates that it is overbought. Price is at the top of the Bollinger band and this also indicates upcoming bearish momentum. we are looking for 50% Fibonacci retracement.
Target: 0.979
Entry: 1.00
S&L: 1.012
Target: 0.979
Entry: 1.00
S&L: 1.012
💥 Free signals and ideas ➡ t.me/vfinvestment
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.