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Theperfectionist

Overall view of USDCHF - Update of June 24th week

Short
U.S. Dollar / Swiss Franc (OANDA:USDCHF)  
Theperfectionist Updated   
OANDA:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Harmonic Patterns Chart Patterns swissfranc USDCHF short Forex Bearish Patterns yearlylows LOW levels
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trendanalysis harmonicpatterns chartpattern swissfranc usdchf short forex bearish yearlylows low levels
Previous view: Support zone was broken downward, confirming the bearish trend after 3 attempts. We were likely to test the low of the year @0.97200.

Actual view: We tested the low of the year and odds of a bear continuation remain high.

Possible targets: @0.96500 (+60pips) and @0.95500 (+170pips).

Advice: Stay bearish and sell at any highpoint while we don't break the support zone or 0.98000 top level.
Comment:
The contract bounced back from this year's low, increasing the chances of a reversal. You can stay steady or still sell at high points until a reversal confirmation.
Comment:
The reversal couldn't be confirmed due to a rejection on the 0.98000 level. Bears keep pushing prices down.
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