ALSM59

USDCHF in Consolidation Phase

Short
OANDA:USDCHF   U.S. Dollar / Swiss Franc
4H / 1D

(1) Key support of 0.9625 broken, next probable target @ 0.9578
If firm break of 0.9578, next probable target @ 0.9430

(2) Was previously rejected from 0.9770 level, signaling possible decline to 0.9530

Firm break of 0.9530, possible to 0.9444
Firm break of 0.9444, possible to 0.9072 in longer term

R3 0.9700 R2 0.9670 R1 0.9644
S1 0.9588 S2 0.9558 S3 0.9532

Personal bias = Short

Not a pair I often trade. Any additional expert advise is appreciated.

Personal analysis only. Please use your own rules and strategies prior to entering market.
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