USD/CHF Faces Further Downside it Approach 0.8900 Amid Weak DXY

The USD/CHF pair is expected to extend its weakness towards 0.8900 amid weak appeal for the USD Index as a safe-haven.

Investors are dumping US equities amid uncertainty over the interest rate policy of the Federal Reserve.

Moreover, the market mood is quite risk averse as a raise in the debt ceiling will impact the long-term outlook of the US economy.

TRADE IDEA DETAILS:
CURRENCY PAIR: #USDCHF
CURRENT TREND: ↘️Bearish
TRADE SIGNAL: ↘️Sell
👉ENTRY PRICE: Below 0.8910
✅TAKE PROFIT: 0.8850, 0.8800, 0.8755
❌STOP LOSS: Above 0.8950

#USDCHF #SwissFranc #Forex #Trading #CurrencyPair