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USD/CHF Remains Bearish

USD/CHF Remains Bearish

Thomas Long, Course Instructor

The series of lower highs and lower lows off of the June highs means a strong downtrend and to continue to look for selling opportunities. On this week's economic calendar is today's FOMC meeting and Friday's Nonfarm Payroll, both of which can be trend changing events. But I would continue to look for sells after the Friday morning Nonfarm Payroll release as long as the market remains below the 1.01823 high noted on the chart.

USDCHF_body_71326d1288791040-trend-day-usdchf-1103.png, USD/CHF Remains Bearish

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.