{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usd-chf-could-extend-its-drop\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usd-chf-could-extend-its-drop\/","headline":"USD\/CHF Could Extend Its Drop!","name":"USD\/CHF Could Extend Its Drop!","description":"USD\/CHF is trading in the red after ending its temporary rebound. It\u2019s located at 0.9160 and it could approach and reach new lows soon if the US Dollar Index will resume its downside movement. Still, the pair stands above critical support levels, so only a valid breakdown could bring a new selling opportunity. The bias […]","datePublished":"2021-04-22","dateModified":"2021-04-22","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/#Person","name":"Olimpiu Tuns","url":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/","identifier":19876,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/04\/usdchf-FSO.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/04\/usdchf-FSO.png","height":898,"width":1828},"url":"https:\/\/forexschoolonline.com\/usd-chf-could-extend-its-drop\/","about":["FX Technical Analysis","USD\/CHF"],"wordCount":185,"keywords":["Technical Analysis","Trade Setup","USD\/CHF","usdchf"],"articleBody":"USD\/CHF is trading in the red after ending its temporary rebound. It\u2019s located at 0.9160 and it could approach and reach new lows soon if the US Dollar Index will resume its downside movement.Still, the pair stands above critical support levels, so only a valid breakdown could bring a new selling opportunity. The bias is bearish, that\u2019s why we have to look for a short signal around the current levels.Technical Analysis!USD\/CHF has increased a little to retest the 38.2% retracement level and now it has dropped below the weekly S1 (0.9162). The bias is bearish as the price stands below the downtrend line.The immediate support is seen at the descending pitchfork\u2019s lower median line (lml). Dropping and stabilizing below it could signal a deeper drop.Actually, a new lower low, a bearish closure below the 0.9128 could activate a sell-off with a first downside target at the S3 (0.9036). Note: ForexSchoolOnline is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}