FX:USDCHF   U.S. Dollar / Swiss Franc
Morning traders

Looking to go short US dollar versus Swiss Franc as the pair tap the descending trendline that has held since April and is highlighted in our trading view chart . The re tap again yesterday coincides with reaching overbought levels on stochastics. Given the market has been challenging recently we have have waited for confirmation of a cross over on stochastics and the lower highs pattern to confirm itself on hourly charts.

We are looking for the pair to retest and create a double bottom around low 97s.

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Good luck trading

from the Team at forexTrdr
I found trading CHF this week to be the most steady currency - the rest of pairs are going sideways!
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