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USDCHF is still under downward pressure after testing the resistance near the main trendline twice without breaking through. The price has been moving within a symmetrical triangle, fluctuating around the 0.805 zone.
The strong decline observed earlier in the chart shows that sellers are still in control. The environment remains favorable for the bears, with the next target for the sellers being the support zone at 0.802 - 0.800.
Do you think USD/CHF will continue to drop? Leave your thoughts in the comments below!
USDCHF is still under downward pressure after testing the resistance near the main trendline twice without breaking through. The price has been moving within a symmetrical triangle, fluctuating around the 0.805 zone.The strong decline observed earlier in the chart shows that sellers are still in control. The environment remains favorable for the bears, with the next target for the sellers being the support zone at 0.802 - 0.800.
Do you think USD/CHF will continue to drop? Leave your thoughts in the comments below!
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✅ Receive 7–10 high-quality signals daily for Forex, Gold, and Bitcoin
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.