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T3-Consultancy

USDCHF H4: Bearish outlook seen, further downside below 0.9710

Short
U.S. Dollar / Swiss Franc (FOREXCOM:USDCHF)  
T3-Consultancy  
FOREXCOM:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Harmonic Patterns Chart Patterns USDCHF USD chf usdchflong usdchfshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern usdchf usd chf usdchflong usdchfshort forex forextrading forexsignals
On the H4 time frame, prices are facing bearish pressure from its resistance zone at 0.9710, in line with the 61.8% Fibonacci level where we could see further downside to the support zone at 0.9500 which coincides with the Fibonacci confluence levels. Prices are holding below Ichimoku cloud as well supporting the bearish bias.
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