Prior to downtrend the 0.9277 area was an important support for the USD/CHF pair, which could not be overcome easily. Similarly in daily chart it is seen that this area. At this time the pair traded at 0.9266 with a bias towards low and marked according to the theory of Murrey lines, the suggestion is to buy and sell when the price crossover is observed. Taking into account this fact we believe there is a high probability that the pair breaks the trend line and moving less to support 2 located at 0.9198. 4-Hour chart In the 4-hour chart the USD/CHF pair is below the line 0/8 (solid line) considered a final support line. Since 0.9277 becomes a major resistance area it is very likely that the pair is looking for a new support around 0.9216, where the line 2/8 is located, but an income above 0.9277 price could eventually take it to 0.9308 and then continue its downtrend. 1-Hour chart In 1-hour chart we note that the USD/CHF pair is oscillating within its trading range bounded between the lines of 3/8 and 5/8. But also in this time frame it is possible that short-term uptrend is limited by its blue intermediate line 4/8 that coincides with the top line of the trend channel. However, a break above 0.9280 could lead prices to 0.9318 which houses the weekly pivot and then continue its downtrend. In conclusion for Tuesday we do not see a clear signal to any particular order so we cannot suggest any entry to have a clearer picture.
