USDCHF: Bearish Reversal Verified
📉 *USDCHF Update*
The 4-hour chart reveals a large head and shoulders pattern. Following the release of US economic data on Friday, the price dropped significantly, breaking below the pattern's neckline.
Later that evening, the price retested the broken neckline, confirming it as resistance.
This development signals a likely continuation of the bearish trend, with the next support levels at 0.8751 and 0.8720.
The 4-hour chart reveals a large head and shoulders pattern. Following the release of US economic data on Friday, the price dropped significantly, breaking below the pattern's neckline.
Later that evening, the price retested the broken neckline, confirming it as resistance.
This development signals a likely continuation of the bearish trend, with the next support levels at 0.8751 and 0.8720.
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