USDCHF is approaching 78.6% fib support (0.9480) within the shown channel with RSI showing some pretty heavy divergence.
If it breaks the channel up near the fib support (circled area) watch for a retest of the support before confirming a bullish reversal.
If a bullish channel break is sustained my target for profit will be the 61.8% fib (0.9659).
If it breaks the channel up near the fib support (circled area) watch for a retest of the support before confirming a bullish reversal.
If a bullish channel break is sustained my target for profit will be the 61.8% fib (0.9659).
