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Harmonic pattern formed- Bearish gartley pattern
Potential Reversal Zone (PRZ) -0.9665
- USD/CHF has made a low of 0.9567 and recovered till 0.9640 from that level. Overall trend is weak as long as resistance 0.9665 holds
- The pair jumped till 0.96890 on Monday and is currently trading at 0.9625 level.
- The minor resistance is around 0.9690 and break above would extend gains till 0.9740/0.9785.
- On the downside minor support is around 0.9580 and below that level will target 0.9540/0.9480.
It is good to sell on rallies around 0.9660 with SL around 0.9690 for the TP of 0.9580/0.9550.
