USDCHF technicals are doing their job. What does that mean? Watch this video and find out. ...Middle East

The recent decline seen today, initially found buyers near the 50% midpoint of the April-to-May range at 0.8257. However, EU tariff news triggered a decisive break below this level, adding downside momentum. The pair did not find support until reaching the next key swing area between 0.8193 and 0.8212—highlighted by past price reaction zones.

Overall, howver, the technicals are doing their job.

Resistance: 0.8257 (50% retracement), 0.8284 (100-hour MA), 0.8300 (200-hour MA)

Bias: Bearish below 0.8284, with further downside potential if 0.8193 breaks

This article was written by Greg Michalowski at www.forexlive.com.

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