Aurum Markets Blog Technical Analysis Will USDCHF have enough momentum to break support?

Will USDCHF have enough momentum to break support?

Will USDCHF have enough momentum to break support? post thumbnail image

USDCHF is heading towards the support line of a Descending Triangle. If this movement continues, the price of USDCHF could test 0.7924 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

Supported by Downward sloping Moving Average

Target: 0.7924 Entry: 0.7958 Stop: 0.7988

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