Let’s take a look at the USD/CHF hourly chart.
We’ve been in a steady downtrend and it looks like our down trend will potentially continue.
We may see a potential retracement up to the .8500 level but look for an overall potential downwards movement to the .8000 level and below. Some charts are showing the pair could potentially head far down as the .7700 level and beyond.
We hope everyone in the United States had a great 4th of July weekend and good luck with trading.