Technical analysis of USD/CHF 07/25/2019
The USD/CHF currency pair is growing and trading at 0.9900, forming the “head and shoulders” figure on a 1D timeframe.
If the pair take hold above this level, then this will assume the further growth as part of the development of the projection of the figure with a target in the area of 1.0180.
Cancellation of the growth of the pair within the framework of the head and shoulders figure will be falling below 0.9800 (right shoulder), what indicate the cancellation of the figure and the likely further decline in quotes to the 0.9700.
Created by Joshua Hayn