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The Swiss currency continues in a downward trend, but recently we have seen several attempts to break the resistance. As we know, the level that is tested several times becomes weaker and therefore has a greater chance of breaking it. At the beginning of the week I was already getting ready for long positions, but the market did not live up to expectations, so I look forward to further developments.
The currency pair approached the support level. Depending on how it behaves in the European session, we will make a decision on the further direction. In the case of another resistance test, we wait for a breakout and consider long positions. If this does not happen, the trend continues to decline.
