USDCHF - Time to Consolidate?
USDCHF - Time to Consolidate?

By Oligon | structure_trading | 28 Jun 2019


After some really strong impulsive bearish push, we finally start to see price consolidate between 0.97 and 0.98, right below major resistance at 0.9861.

I think that price might correct deeper into this consolidation area. Possibly we will see a bounce off resistance to then continue it’s way down to make new lows.

In the short term, I will be watching the reaction off the demand level at 0.9720 and the supply level at 0.9815.

Happy trading!



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