USDCHF short opportunity

Jul 25, 2022
Bearish:  We are currently @ 0.9638 in a channel in a range.  We have convergence to the downside.  We are looking for a continuation to the ATR target @ 0.9540 area and then the S5/range bottom @ 0.9500 area. Watch the USDX for any change in direction. The ATR for the pair currently is 85 pips per day and its 180 day average is 83 pips per day. USDX is currently threatening down at the time of this post.