swiss franc

٢ ديسمبر ٢٠٢١

price is trading within a descending channel and is reacting to a monthly liquidity pool ranging from 0.91952 to 0.90740. going down to the weekly a supply zone @ 0.92817 is in control and due to sellers being more active at the zone bearish momentum came into play driving price to the downside. I expect price to continue with its drop with targets at weekly demand level @ 0.90109. Further shorts confirmation is breakout of bullish trendline on the daily and price trading below daily liquidity pool from 0.92418 to 0.92271.