USDCHF: Bearish Accumulation & Breakout

As the majority of XXXUSD pairs,
USDCHF looks very bearish:
the pair is trading in a bearish trend since the beginning of July.

From the last week, the pair started to consolidate.
The price formed a classic bearish accumulation pattern - descending triangle.
With a sequence of lower highs and equal lows, bears were preparing for a breakout.

Today minor horizontal support is finally broken.
The price set a new lower low lower close and bearish continuation is expected now.

Next goal - 0.9005

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Commentaire:

Check my new idea on CHFJPY: