USDCHF Price recently tested a clear breaker block around 0.835 and got rejected sharply, indicating the presence of strong selling pressure. After forming a short-term ascending structure, price broke the trendline support, confirming a bearish market structure shift. Consecutive bearish candles post-rejection support a momentum-driven sell-off, increasing the likelihood of continuation to the downside to 0.8100 – 0.8050.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.