Aurum Markets Blog Technical Analysis Should we expect a breakout or a rebound on USDCHF?

Should we expect a breakout or a rebound on USDCHF?

Should we expect a breakout or a rebound on USDCHF? post thumbnail image

A Rectangle pattern was identified on USDCHF at 0.882355, creating an expectation that it may move to the support line at 0.8754. It may break through that line and continue the bearish trend or it may reverse from that line.

Target: 0.8754 Entry: 0.8824 Stop: 0.8864

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