USDCHF potential Bearish drop | 19th Nov 2021

USDCHF potential Bearish drop | 19th Nov 2021 for FX:USDCHF by FXCM

USDCHF potential Bearish drop | 19th Nov 2021



Price broke out the ascending trendline support (now resistance). We can expect price to drop from Pivot level in line with 23.6% Fibonacci retracement towards 1st Support in line with 38.2% Fibonacci retracement . Our bearish bias is further supported by RSI indicator abiding to the descending trendline.

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