USD/CHF
A bearish signal has already been generated on the USD/CHF pair. Price has moved lower and it would move lower and lower again, reaching the support levels at 0.9400 and 0.9350. The market will continue to go in the opposite direction to the EUR/USD pair. A strong volatility is in the offing.
There is a Bearish Confirmation Pattern in the 4-hour chart and it would likely become clearer and clearer as price journeys downwards, reaching one support level after another. The situation in the market would remain the same until another factor causes a strong rally.
The material has been provided by InstaForex Company - www.instaforex.com
No comments:
Post a Comment