Swissy - change in trend?

Dear Dynamic Traders,

The week is nearly over, hope you have had a good trading week. Take time to celebrate your successes.

Today's post consists of the Swissy. This pair has been in consolidation for some time and over the last 2 days it has moved some 754 ish pips. Price sprinted through the value index with not much hesitation and tagged a Fib breather level, but looks unlikely to close below it today. We are now waiting for confirmation of whether the trend has actually changed or if this just a news driven temporary move. If price breaks the support line as drawn on the chart below, there may be an opportunity to observe further weakness.














Good Trading!
Bijal Shah