The USDCHF has been trading within a descending trend on the M5 chart since the start of the candle window. The recent price action formed a bearish engulfing candle, suggesting a potential continuation of the downtrend. The momentum indicators are also in alignment with this view, as the RSI has broken below the 50-level, indicating a shift in market sentiment. Additionally, the volume has been increasing, which suggests that the bears are gaining control. The price has been trading around the support level of 0.78619, and a break below this level could lead to further declines. Therefore, the current sell…

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