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U.S. Dollar / Swiss Franc
Short
Updated

USDCHF Bearish Momentum - Will It Reach 0.88580?

234
USDCHF has broken below a key support zone, which has now flipped to resistance, aligning with a potential bearish continuation. The recent retest of this level held successfully, indicating strong seller interest and reinforcing the bearish outlook.

With momentum favoring the downside, the next logical target is 0.88580, aligning with the lower boundary of the descending channel. As long as the price remains below the resistance zone, the bearish bias stays intact.
Trade closed: target reached
snapshot
DanieIM
FREE Trading Signals: t.me/danielmtrading
buysellsignalsmart_money_conceptsSMCsmctradingsupply_and_demandSupply and Demandsupport_and_resistanceSupport and ResistanceTrend AnalysisUSDCHFusdchfshort

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.
buysellsignalsmart_money_conceptsSMCsmctradingsupply_and_demandSupply and Demandsupport_and_resistanceSupport and ResistanceTrend AnalysisUSDCHFusdchfshort
DanieIM
FREE Trading Signals: t.me/danielmtrading

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.