USDCHF trying to make the turn

Jul 07, 2022
Bearish:  We are currently @ 0.972. We have convergence to the downside.  IF we break the slope support, so we are looking for a continuation to the ATR target @ 0.9622 area and then the 0.618 Fibo @ 0.9591 area. Watch the USDX for any change in direction. The ATR for the pair currently is 87 pips per day and its 180 day average is 81 pips per day. USDX is currently threatening down at the time of this post.