USD/CHF analysis for June 07, 2018

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Recently, the USD/CHF pair has been trading downwards. The price tested the level of 0.9817. According to the H1 time – frame, I found broken symmetrical triangle, which is a sign that sellers are in control. My advice is to watch for potential selling opportunities. The downward target is set at the price of 0.9760.

Resistance levels:

R1: 0.9886

R2: 0.9911

R3: 0.9935

Support levels:

S1: 0.9835

S2: 0.9810

S3: 0.9785

Trading recommendations for today: watch for potential selling opportunities.

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