Aurum Markets Blog Technical Analysis A potential bearish movement on USDCHF

A potential bearish movement on USDCHF

A potential bearish movement on USDCHF post thumbnail image

USDCHF is heading towards 0.8183 and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

Supported by Downward sloping Moving Average

Target: 0.8183 Entry: 0.8229 Stop: 0.8286

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