USDCHF bearish moves

FX:USDCHF   U.S. Dollar / Swiss Franc
The price has reached a strong resistance level which has been holding for a while now, it also formed a symmetrical triangle. The momentum of the bullish move was not strong enough to break this strong resistance, this means that the price is falling in value. I believe that this pair would move further down over the next few days, as the RSI is in a great position signalling that the price could fall further. There is a chance that the price could retrace a little as the lower timeframes are showing oversold RSI values. Overall I think this pair is going to see bearish moves over the next few days. I would keep everyone updated on any of the signals I spot over the coming days.


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