USDCHF
Bias Bearish
Fundamental Analysis
USD bearish datas, expecting interest rate reduction in sept.
CHF is holding as more investor coming into chf due to risk off/safe haven currency
Price Action:
Price retrace back to H4 bearish TL & H4 Resistance level. Price rejected from there. Price broke and close below H1 support level and H1 bullish trendline.
Confluence:
Higher TF (W/D/H4) - H4 resistance & H4 bearish trendline.
Lower TF (H1/M30/M15) - Broken H1 support level & H1 bullish trendline
Fundamental Analysis
USD bearish datas, expecting interest rate reduction in sept.
CHF is holding as more investor coming into chf due to risk off/safe haven currency
Price Action:
Price retrace back to H4 bearish TL & H4 Resistance level. Price rejected from there. Price broke and close below H1 support level and H1 bullish trendline.
Confluence:
Higher TF (W/D/H4) - H4 resistance & H4 bearish trendline.
Lower TF (H1/M30/M15) - Broken H1 support level & H1 bullish trendline
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