USDCHF: What To Expect Next Week?

8 בספט׳ 2019

USDCHF is still trading in a bearish trend.
after the market has set new lower low lower close on 0.97 level,
we see a strong pullback up.
however, while the market is approaching a key structure resistance level 0.99 bullish pressure is clearly weakening

For next week I have a very bearish scenario for this pair.
Pay close attention to a bear flag pattern,
if bears break and close below it,
there will be a high chance to see a bearish continuation to lower structure.
The target level for me will be 0.975