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FX.co ★ USD/CHF keeps moving in bearish trend

USD/CHF keeps moving in bearish trend

We remain bearish below 1.0278 resistance (Horizontal overlap resistance) for a further push down to 1.0200 resistance (Fibonacci projection, Fibonacci retracement, horizontal overlap support).

Stochastic (21,5,3) is turning down from an area of resistance and displays bearish divergence vs price signalling a reversal is impending.

Sell below 1.0278. Set top loss at 1.0321 and take profit at 1.0200.

USD/CHF keeps moving in bearish trend

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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