Home Polls & Quizzes USDCHF: Daily Chart Pennant. Which way to go?

USDCHF: Daily Chart Pennant. Which way to go?

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The USDCHF pair has been descending for some time. But on June 24, after touching the 0.97  support, it moved to retrace 80% of its last leg down. Then it began moving inside of what looks like a pennant, but heavily biased to the downside.


Now it’s in the middle of a channel formed by 1.000 and 0.97 levels. Please vote. Which way do you think it will be resolved this price action?

 

Which way will it move?

 

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