USD/CHF downside continues and ready for the next leg down 0.824

٢١ أغسطس

Since July the market has been on a solid downtrend with an Inv Cup and Handle form.

It then broke below and reached our first target.

Now there is a touch of consolidation in another Inv C and H, which we ned the price to confirm the handle before turning down and heading to a target of 0.8240.

The price is below 20 and 200MA which makes the momentum downside and I would ONLY look for shorts.