Greetings Forexia Crew, another good day to trade. Mid week reversal or Thursday Reversal.
From the attached image above you can see that the USDCHF has overall of downtrend. Yesterday, it might possible made a Forexia Signature Trade Formation of the obvious fake up trend to get more buyers into the market.
As it can be seen above that the price has bounced of the obvious support zone where traders might jump to buy. I believe we are just watching more of the induction to go short. Besides, today EUR pair has three high impact news, i do not think, it is a coincidence.
Lets wait patiently, how the pair will get affected by the London and New York sessions. Please use proper money management and lot sizes.