{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usd-chf-upside-continuation\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usd-chf-upside-continuation\/","headline":"USD\/CHF Upside Continuation!","name":"USD\/CHF Upside Continuation!","description":"The USD\/CHF moves sideways in the short term. It\u2019s traded in the red at 0.9267 level at the time of writing. It has dropped significantly as the Dollar Index erased the latest gains. The pair has increased a little right after the US inflation data was released. As you already know, the US CPI registered […]","datePublished":"2021-10-14","dateModified":"2021-10-14","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\/10\/USDCHF_2021-10-13_16-15-05.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/10\/USDCHF_2021-10-13_16-15-05.png","height":868,"width":1834},"url":"https:\/\/forexschoolonline.com\/usd-chf-upside-continuation\/","about":["USD\/CHF"],"wordCount":210,"keywords":["Forex","Trade idea","USD\/CHF"],"articleBody":"The USD\/CHF moves sideways in the short term. It\u2019s traded in the red at 0.9267 level at the time of writing. It has dropped significantly as the Dollar Index erased the latest gains. The pair has increased a little right after the US inflation data was released.As you already know, the US CPI registered a 0.4% growth in September versus 0.3% expected, while the Core CPI increased by 0.2% as expected. Don\u2019t forget that the FOMC Meeting Minutes could change the sentiment later tonight.USD\/CHF Technical Analysis!The USD\/CHF plunged after registering a false breakout through the weekly R1 (0.9311) level. It has also registered only a false upside breakout from the range pattern. Technically, it was somehow expected to grow after escaping from the descending pitchfork\u2019s body.In the short term, it could come back down to test and retest the support levels before jumping higher. 0.9252 and the descending pitchfork\u2019s upper median line are seen as strong downside obstacles. Staying above these levels could still signal that the USD\/CHF pair could climb higher. 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."}