UsdChf- Bullish short term, bearish medium term. What to do?

31 ก.ค. 2023

UsdChf is in a bearish trend for quite some time and recently broke under very important 0.88 zone support.
After reaching a low at 0.8550. Here the pair found support and formed a small double bottom which could lead to further gains.
In conclusion, in the short term, a rise to test the broken support, now resistance is not out of the question and short-term traders can try to speculate this potential rise.
However, if you want to stay on the safe side, a sell in 0.88 zone is a better choice.