Hello everyone! I would like to analyze the situation on the USDCHF pair. On the H1 timeframe, the price broke through the local ascending trend line downwards. At the same time, there was a rollback to this line and its retest with a rebound downwards occurred, which may indicate a corrective downward movement. The target in this case may be the support level of 0.8263. The reaction to this level may show where the price can move further more comfortably.
I wish a good trading day! Analyzing the situation on the USDCHF pair on the H1 timeframe, it is clear that a range has formed on this timeframe between the resistance level of 0.8322 and the support level of 0.8214. The price has already bounced off the above resistance for the second time. I am considering sales within this range to the support of 0.8214.
