FX.co ★ blaise.rogahn | USD/CHF

Reaching the level of 0.8086 (Murrey +1.8), the USD/CHF pair has entered a sideways movement. A trend reversal could occur in this area, although there is still a fairly high probability that bulls will gather strength and reach the level of 0.8116 (Murrey +2.8), but I wouldn't count on it. It's too early to talk about opening short positions. Perhaps the data on the business activity index in the service sector and the business activity index in the manufacturing sector of the USA will provoke bearish activity and they will be able to push the price back to the support level of 0.8056 (Murrey 8.8).