USD/CHF may drop below 0.91 soon
Based on the price action in USD/CHF, it seems that it will decline soon.
Price did a false breakout of the 0.9235 resistance level and could not hold above it.
So, it is quite likely that a deeper pullback may occur. We are already holding our shorts
from 0.9230 level with target at the 0.91.
For traders looking to enter fresh sells, you can enter sell trade near 0.9220-0.9250 with
SL above 0.9280 and TP at 0.9100.
Price did a false breakout of the 0.9235 resistance level and could not hold above it.
So, it is quite likely that a deeper pullback may occur. We are already holding our shorts
from 0.9230 level with target at the 0.91.
For traders looking to enter fresh sells, you can enter sell trade near 0.9220-0.9250 with
SL above 0.9280 and TP at 0.9100.
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