RLinda ! USDCHF -> Strong sellers closed the bullish potential

20 Feb 2023

The USDCHF is under pressure from a strong bearish trend. At the end of last week the price forms a breakout of the trend line of resistance, but on Friday very quickly the market sold out all the rise

The price breaks down the trend line and thus forms a false breakout. Statistically, the strongest moves occur after the false-breaks. The price opens a very strong bearish potential for the movement towards 0.9000.

I expect the final fixation of the price under the trend resistance and continuation of the price fall in the direction of the trend. The short-term target is 0.91600.

Regards R. Linda!