USDCHF remains trapped below the descending trendline since June. Every bullish attempt has been sharply rejected – showing sellers are still in control.
Fresh U.S. data just released:
Jobless claims dropped → strong labor market → Fed likely to keep rates high → USD gains strength.
Manufacturing PMI beat expectations → resilient economy → more reason for a hawkish Fed.
But don’t forget: CHF is attracting safe-haven flows, adding downward pressure on USD!
If price fails to break above 0.7990 and gets rejected at the trendline, a drop toward 0.7890 is likely.
Strategy: Look to SELL around the trendline – follow the trend, not your emotions!
Fresh U.S. data just released:
Jobless claims dropped → strong labor market → Fed likely to keep rates high → USD gains strength.
Manufacturing PMI beat expectations → resilient economy → more reason for a hawkish Fed.
But don’t forget: CHF is attracting safe-haven flows, adding downward pressure on USD!
If price fails to break above 0.7990 and gets rejected at the trendline, a drop toward 0.7890 is likely.
Strategy: Look to SELL around the trendline – follow the trend, not your emotions!
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🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Top trading opportunities are waiting for you! : t.me/+TaRRH29IRysyNGJl
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.