USDCHF reversal has started

USDCHF is rejected from 1.0100

 

USDCHF is reversing from the strong upside resistance of 1.0100. It is now testing the rising wedge support line 0.9980. A break below this level would lead to a complete capitulation and a pullback lower to 0.9500. Only a break above 1.0200 would change the downside, but that is a low possibility.

Note: look for the short trades with a stop loss above 1.0100

 

USDCHF reversing lower

 

 

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