USDCHF has been trading inside a rectangle for years now ! just recently price retested the upper limit of the rectangle pattern and got pushed down vigorously ! I believe that this time around , price would be able to break through the support of 0.95500 and push down all the way to 0.94740 ! my final Target for now is 0.94740 !!
Bearish on the pair but always wait for a confirmation before entering a trade. This is an analysis and projection - not a signal.
I believe the trend will soon change.. But I don't see it in the coming days.
