The USD/CHF pair has decisively broken below its 200-EMA (0.8887) and key horizontal support (0.8915), signaling a potential shift in momentum toward further downside. After failing to hold above 0.90, sellers have stepped in, dragging price action lower.
🔍 Technical Overview:
✅ Support Break – The loss of 0.8915 puts 0.88 in focus.
✅ 200-EMA Breached – A significant bearish technical development.
✅ RSI at 37.52 – Momentum is weak but not yet oversold.
✅ MACD Bearish – The bearish crossover remains intact, confirming downward pressure.
📌 Key Levels to Watch:
🔹 0.8915 – Broken support, now resistance; bears defending it strongly.
🔹 0.8800 – Next major support level; a break below could accelerate selling.
🔹 0.9000 – Bullish recovery only valid above this level.
💡 Trading Outlook:
🔻 Bearish case: As long as USD/CHF remains below 0.8915, bears are in control. If 0.88 breaks, it could open the door toward 0.87.
🔺 Bullish case: Buyers need to reclaim 0.8915 and the 200-EMA to shift momentum back in their favor.
With the USD showing weakness, CHF bulls could push further downside. Is this the start of a new downtrend, or will buyers step in at 0.88? 🚨
🔍 Technical Overview:
✅ Support Break – The loss of 0.8915 puts 0.88 in focus.
✅ 200-EMA Breached – A significant bearish technical development.
✅ RSI at 37.52 – Momentum is weak but not yet oversold.
✅ MACD Bearish – The bearish crossover remains intact, confirming downward pressure.
📌 Key Levels to Watch:
🔹 0.8915 – Broken support, now resistance; bears defending it strongly.
🔹 0.8800 – Next major support level; a break below could accelerate selling.
🔹 0.9000 – Bullish recovery only valid above this level.
💡 Trading Outlook:
🔻 Bearish case: As long as USD/CHF remains below 0.8915, bears are in control. If 0.88 breaks, it could open the door toward 0.87.
🔺 Bullish case: Buyers need to reclaim 0.8915 and the 200-EMA to shift momentum back in their favor.
With the USD showing weakness, CHF bulls could push further downside. Is this the start of a new downtrend, or will buyers step in at 0.88? 🚨
Disclaimer
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.
Disclaimer
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.