Because we got Labor Day in the US today, we do not expect the market to be volatile.
Here is my mid-term technical outlook on USDCHF for you to follow: From the beginning of summer, the pair is ranging. 0.8925 - 0.8935 is its support. 0.9265 - 0.9275 is its resistance.
Within that range, the price formed one more range. Since August, the pair is trading within 0.901 - 0.925 area.
I spotted bearish accumulation signs recently. With the sequence of lower highs and equal lows, the pair formed a descending triangle. Look for its support breakout as your signal to sell. Goals will be: 0.901 (August's low) / 0.8935 (Summer's low)
Alternatively, consider the boundaries of summer's range for buying/selling.
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