USD/CHF remains under strong bearish pressure, as the pair has recently formed another lower high and successfully broke below minor support.
With this setup, the bearish move is expected to continue toward the Fibonacci 161.8 extension target price, reinforcing the downside outlook.
Recommendation:
- Sell USD/CHF
- Entry: 0.79638
- Take Profit: 0.79280
- Stop Loss: 0.79887
*DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee its accuracy and completeness. The company is not responsible for investment losses due to the use of the information contained.
The best investment is an investment in knowledge. Start your journey to trading success with a Masterclass Trading Webinar every Friday. Join now!