USDCHF continues its long losing streak
Hello dear friends, USDCHF is continuing its long-term downward trend as the descending trendline remains unbroken and prices have been pushed lower following the release of US inflation news yesterday, causing a decline in the value of the USD.
The price is currently fluctuating around the 0.8888 level, surpassing the support level at 0.89. A new support level is being established at 0.8885, and it may be a good opportunity to place a buy order at this point as it could potentially be a corrective wave after the price has recently broken out and retested the EMA 34,89.
The price is currently fluctuating around the 0.8888 level, surpassing the support level at 0.89. A new support level is being established at 0.8885, and it may be a good opportunity to place a buy order at this point as it could potentially be a corrective wave after the price has recently broken out and retested the EMA 34,89.
Related publications
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.