USD CHF Forms New Lower Top

After making a new Main Top at 1.0986, the USD CHF has weakened and isnow in a position to resume the downtrend on a break through the lastmain bottom at 1.0590.

Intra-Day Analysis

After making a new Main Top at 1.0986, the USD CHF has weakened and is now in a position to resume the downtrend on a break through the last main bottom at 1.0590.

This could help accelerate the downtrend to the late December bottom at 1.0371. 

There is just too much resistance to overcome at 1.0980 – 1.0986 at this time.  The Main Trend will change to up if this area gets penetrated.

For Gann Angle support and resistance email me at jhyerczyk@yahoo.com.