USD/CHF: textbook "M" pattern. Nice drop pending
As it can be noticed from the graph, the price has nicely broken below the 0.985 area of previous support now turned into resistance and re-tested the broken structure by printing a wick candle.
We are pretty positive that the price will keep declining till the 0.97 zone of support is reached.
We are pretty positive that the price will keep declining till the 0.97 zone of support is reached.