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insulinSpike
Dec 22, 2013 4:31 AM

Bounce is to be sold Short

U.S. Dollar/Swiss FrancFXCM

Description

USDCHF has been making wedge down. the previous low (w) has failed to hold its support so I'm expecting another move lower coming from this bounce.
I'm not gonna be too bearish on this pair, remembering that the DX looks constructive to the upside but I'm thinking it's still building its base of support though,
I'll be extremely bearish on dollar pairs when the DX breaks its previous support 79.06
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