USD/CHF continues bearish trend as EUR rises against weak USD

24 thg 4, 2023

The USD/CHF pair is currently displaying a persistent bearish trend, following a retest of the neckline of a double bottom pattern. The price has since fallen to 0.8906 as of today. Meanwhile, the EUR has experienced an initial bearish impulse this morning but has begun to rise again, indicating the weakness of the USD. As a result, we anticipate a continuation of the bearish trend in the direction of the main trend.