USD/CHF: confirmed 'Double Top' pattern

USD/CHF: confirmed 'Double Top' pattern

There's a 'Double Top' pattern, which has been confirmed, so the price was declining. However, the 89 Moving Average has acted as support. Even so, the market is likely going to reach the next support at 1.0111 - 1.0091. If any bullish pattern forms next, there'll be a moment to have an upward correction towards the nearest resistance at 1.0145 - 1.0169.

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EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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