FX.co ★ During Covid-19 outbreak, USD/CHF trying to reach 0.9718 on March 26, 2020

As we see from the 4-hour chart, USD/CHF has already moved below the EMA (30) and the CCI (30) has already passed through 100, 0, and -100 level. This technical condition confirms that the pair started to go down especially after the break below 0.9743. We know USD/CHF now will begin the Market Maker Sell Model pattern, trying to reach 0.9718 as long as this pair does not retrace higher than 0.9900 and the CCI (30) does not break out above the -100 level and closes above the zero level.

The bias of USD/CHF now is bearish.