The USDCHF pair has been forming a symmetrical triangle over the past few months that is converging and possibly reaching a breakout point.
The pair might be breaking below based on a few observations:
- Over the past months at the end of every month the pair went on a downtrend more or less important depending on the conditions.
- On the 28th of May 2020 at 12:30pm GMT there will be the release of the Initial Jobless Claim which will not have recovered yet from the health crisis caused by Covid-19; which might act against USD.
The USD is expected to be slightly more volatile today.
This is NOT a financial advice, trade at your own risks.
The pair might be breaking below based on a few observations:
- Over the past months at the end of every month the pair went on a downtrend more or less important depending on the conditions.
- On the 28th of May 2020 at 12:30pm GMT there will be the release of the Initial Jobless Claim which will not have recovered yet from the health crisis caused by Covid-19; which might act against USD.
The USD is expected to be slightly more volatile today.
This is NOT a financial advice, trade at your own risks.