FX.co ★ USDCHF H1: Bearish Rectangle

According to the chart of H1, USDCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.7830 – 0.7830 and upper border 0.7846 – 0.7846. In case the lower border is broken, the instrument is likely to follow the downward trend.