USDCHF Analysis

We’ve seen a sharp movement upwards from the beginning of march. We then saw some profit taking and price retrace to a key Fib area where bulls took over again bringing price higher again. What we are now looking for is if we can close above this highlighted area to confirm further upside. If price is unable to close above this area, then we will be looking for sells. As usual, we wait for confirmation from markets and stay patient looking for entries.