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EnricoTrading93
Mar 18, 2021 1:44 PM

USDCHF Idea 

U.S. Dollar/Swiss FrancFXCM

Description

The Pair have been in a consistent downtrend since May 2019. At the moment we have some indecision near the kumo cloud and a resistance level ( 0.93706). Price could still retrace to the 61.8 Fib level that coincide with the trendline. At that point we could have two outcomes; 1) Break of trendline and change of trend 2) Retest of trend line and continuation of downtrend. I will keep on this pair and see how it will play out.
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