USD/CHF (a 4- hour chart)
USD/CHF has fallen sharply after the European Central Bank meeting which reported that the monetary policy remains unchanged. If the index of employment in the private sector of the U.S. will be lower than expected, the further fall may happen and vise versa the higher than the forecast values will give the pair strength.
The closest support level is 0.8740. The resistance stands at 0.8800. The next is at 0.8850.
The pair is falling. Tenkan-sen and Kijun-sen are horizontal. The southern movement is strong. The cloud is directed down. The southern movement remains until Kijun-Sen is located above the price.
Bollinger bands still show a downward movement.
MACD histogram is in a negative zone. The histogram is descending.
We advise to consider short positions with the first goal -0.8740. When the price consolidates below the first target, the level 0.8684 will become a possible aim.