USDCHF - Breakout!

The breakout the channel has finally taken place, but it is not looking very convincing, it looks like the price may have made a retracement to a previous resistance level which may now be acting as a level of support. The price has pushed up to this level and has formed a doji, which means that the price has started to lose momentum. I believe the price is going to be negative over the next few weeks for this currency pair. The fundamentals for the US are not looking very good at the moment with trade talks seems to be going very negatively, we will surely see these trade talks impact the market over the coming weeks. Follow me and like if you would like more analysis like this.