USD/CHF has broken through the support line of a Descending Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 4 days and suggests a possible target level to be around 0.8839 within the next 14 hours.
ARTÍCULOS RELACIONADOS
After testing 1.2571 numerous times, GBP/USD has finally broken through. Can we expect a bullish trend to follow?
GBP/USD is once again retesting a key horizontal resistance level at 1.2571. It has tested this level 4…
AUD/USD keeps moving closer towards 0.6630. Will it finally breach this level?
AUD/USD is about to retest a key horizontal resistance level near 0.6630. It has tested this level 4…
We expect EURUSD to trend downwards right now.
Based on the last 12 PPI MoM events in United States, we could see a 90 pip movement…