USD/CHF has carved out a head and shoulders top on the daily chart, setting up a potential move lower. If this bearish pattern plays out, the downside target sits around 0.7895. But keep an eye on the April low (0.8040) and the 0.80 handle — both could act as support if price keeps falling.
Matt Simpson, Market Analyst at City Index and Forex.com
Matt Simpson, Market Analyst at City Index and Forex.com
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