out of the sell @ 9987, basically this is what I will keep on doing: sell if not convinced that will go above at leas 9909 to take the buy out or buy from a low place - not too keen in doing it.
USDCHF is trading above the support level 0.99223 in mode of profit booking and forms a downward wedge pattern in a technical 4-hour chart. I expect the bullish momentum to continue for next trading hours, pair would face hurdle at first resistance level 0.99355 and if it breaches this level, then it will face second resistance at 0.99490. Further mounting pressure will force the pair to climb till level of 0.99780 after breaching of third resistance level at 0.99622
If it crosses the support level, then it could get second support at 0.99054 and may witness a fall till level of 0.98691 after sustenance below third and fourth support at 0.98959 and 0.98795
