USDCHF on 4H

The pair has broken below the 1.0050 support zone. This is red flag if you are long the dollar. The pair broke 1.010 and should have contined higher but now broke beow the previous breakout prices. This could be classified as a false break and hence may lead to significant bearish pressure. Be on the lookout here.

Leave a Reply

Your email address will not be published. Required fields are marked *