USDCHF Weekly Analysis

USDCHF Weekly Analysis:

1. Price broke below weekly ascending trendline.

2. Price retested weekly ascending trendline.

3. New LH and LL forming from new downward cycle (yellow trendline)

4. Price finally below 200 EMA.

Conclusion: Bears will look to take control over the next few weeks.

Note: Forex is not an exact science. Always adapt to newly formed developments in the market.