USD/CHF: breakout pullback

After a failed attempt yesterday the USDCHF broke above it’s prior high at 0.9708 with a pullback following a channel line overshoot on the 30m timeframe. The rising 30m trend channel indicates the bullish bias prior to the breakout. The 61.8% fibo resistance is still yet to break therefore I debate with myself wether to enter long at the 0.9725 or wait for a deeper correction. We are too far from the EMA50 therefore I think I stand aside for now.


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