Trend is bearish in USD/CHF currency pair, daily time frame. As I have suggested past week during my daily Live trading room session, market is rising up to print bullish Wave B leg and look for buy trades. So, all those Forex traders who have followed the analysis have made the right decision as the price has moved up, significantly. In my judgement, price is printing a bearish Elliott Wave A,B and C Zig Zag corrective wave pattern. Strong key resistance level is present at 1.0326 price level.
Be sure to check out daily Forex market updates via Live Trading Room. In my judgment, market action is now in the process to print a possible top and decline towards 0.9640 price level in next coming trading days.
Current price action offers a possible sell trading chance to join an upcoming bearish leg. However; if price of USD/CHF currency pair breaks above 1.0326 resistance level then I might like to stay out of the market and re-examine the daily price chart of USD/CHF currency pair.
