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14.06.202118:05 Forex Analysis & Reviews: USD/CHF Potential Growth!

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 14.06.2021 analysis

USD/CHF move sideways between 0.9041 and 0.8934 levels. It's somewhere at the half of this range approaching the downtrend line. The pressure is high as long as it stays below the downtrend line.

Technically, if the price jumps and stabilizes above the immediate downtrend line it could develop an important growth.

Trading Conclusion!

Breaking above the downtrend line and passing above 0.9041 level could announce an upside reversal.

Ralph Shedler
Analytical expert of InstaForex
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