FX.co ★ blaise.rogahn | USD/CHF

Good day, colleagues! The currency pair USD/CHF, like the whole market, reacted this morning to the escalation in the Middle East. It is difficult to draw conclusions at this point, it is best to wait and not rush into any trading decisions in such an unstable environment. A decrease was outlined for the pair, but a sharp upward rebound almost returned the price to the same levels. To draw any conclusions, it is probably worth waiting to see how the European session and its market participants react to this situation. If this decline turns out to be false, then it is worth paying attention to how the price reacts to the trend line that limits the price from above. Otherwise, the decline will continue, and then we expect the price at the support level of 0.9010. Good luck to everyone!