USDCHF is facing a downside pressure in the 4H and 1H time frames. As you see, we have a bearish structure and strong bearish candles.
Currently, price is retracing after a downside move and is moving on a little correction trend line.
If price breaks the trend line and closes below around 0.9918, I expect more drop around 0.9875, and in the case of a downside breakout on 0.9875 and bearish candle closure below this level, there would be more downside move towards 0.98315
Currently, price is retracing after a downside move and is moving on a little correction trend line.
If price breaks the trend line and closes below around 0.9918, I expect more drop around 0.9875, and in the case of a downside breakout on 0.9875 and bearish candle closure below this level, there would be more downside move towards 0.98315
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