Elemont

USDCHF FORECAST

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
USDCHF has just broken down from it's flag pattern so we expect the downside to continue. There may be a possible pullback to retest the support level that just broke, but we then expect price to continue lower if so. Otherwise, price should resume its downtrend on open towards the bottom of the major channel. TP's at support levels along the way, SL above the previous broken trendline.

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