FX.co ★ USDCHF M15: Bearish Rectangle

According to the chart of M15, USDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.7807 - 0.0000 and support 0.7798 – 0.7798. In case the resistance level 0.7798 - 0.7798 is broken, the instrument is likely to follow the bearish trend.