On the USDCHF daily chart, we can see that the pair is breaking below the strong downside resistance 0.9900 level. This also is looking like an H&S pattern. A confirmed break below this level would lead to a downside extension for a test of 0.9840 level. Only a daily close above the 0.9950 level will invalidate the downside swing.
Note: Look for the short trade entries with the stop loss above the 0.9940 level.
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