USDCHF - Intraday - We look to Sell at 1.0015 (stop at 1.0050)
The rally was sold and the dip bought resulting in mild net losses yesterday. Broken out of the wedge to the downside. The formation has a measured move target of 0.9187. Rallies continue to attract sellers. Trading close to the psychological 1.0000 level. We have a 61.8% Fibonacci pullback level of 1.0016 from 1.0237 to 0.9660.
Our profit targets will be 0.9805 and 0.9660
Resistance: 0.9984 / 1.0000 / 1.0016
Support: 0.9847 / 0.9805 / 0.9187
The rally was sold and the dip bought resulting in mild net losses yesterday. Broken out of the wedge to the downside. The formation has a measured move target of 0.9187. Rallies continue to attract sellers. Trading close to the psychological 1.0000 level. We have a 61.8% Fibonacci pullback level of 1.0016 from 1.0237 to 0.9660.
Our profit targets will be 0.9805 and 0.9660
Resistance: 0.9984 / 1.0000 / 1.0016
Support: 0.9847 / 0.9805 / 0.9187
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