USD/CHF: Bearish Reversal In Progress
Gregor Horvat | Feb 04, 2016 04:17AM ET
Finally, USD/CHF has turned sharply to the downside in the last 24 hours, clearly in impulsive price action that can cause even more weakness in the next few sessions. We are looking to lower levels in wave C of a black wave 4 that can even look for 0.9780 once again, but after a successful break out of a corrective channel. Invalidation level is now at 1.0153; as long it will hold our bias is bearish.
USD/CHF, 4H
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