The USD/CHF pair has been testing the neckline of a double top pattern [Video]
|The USD/CHF pair has been testing the neckline of a double top pattern on the daily chart, below the Ichimoku cloud. If confirmed, the next stop could be at 0.9541. The Jackson Hole symposium remains the focus of the market participants this week, however, we do have some noteworthy economic events on the calendar today. Starting during the London session, the Swiss Trade Balance for July will be out at 6 AM GMT followed by Euro-Zone ZEW Survey at 9 AM, where they ask experts to evaluate the current situation and to predict the future direction of the German economy. The outcome will likely create volatility in the EUR crosses, while the EUR/USD pair could be testing the 1.19 resistance once again. The US House Price Index will be up next at 1 PM GMT. Thanks for watching, invest responsibly and I wish you the best of luck making pips by trading forex.
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