FX.co ★ USD/CHF Sellers Seem Exhausted!

USD/CHF maintains a bearish outlook after failing to stabilize under the downtrend line. Now it has reached and dropped below 0.8969 former low. It is trapped between 0.9041 and 0.8969 levels.

Jumping again above the downtrend line and passing above the 0.9041 may signal an upside reversal while staying below the downtrend line and stabilizing under 0.8969 signal a downside continuation.

Trading Conclusion!

We'll have a buying opportunity only if USD/CHF jumps above the 0.9050 level after stabilizing above the downtrend line.