USDCHF Advice: SELL

A similar formation is present as the previous two times on the 4h chart, however it may be the last one as the count shows it could resemble a C wave ending at 0.96515. Currently the prognosis is bearish following the movements since 27.11.2015 with a major support at the 0.9802 critical resistance level. For now the targets remain on the 0.95556 and 0.95152 supports, however if the level is to raise above 0.9802 it will show a change in direction for the trend and possible jump up for a strong 1st wave which is our fallback count. There is no real unusual movements this week from a fundamental standpoint and a more decisive movement is expected on Wednesday and/or Thursday.