On the M5 chart the USDCHF pair is clearly in a short‑term downtrend. Over the past 48 hours the price has carved a descending channel, with lower highs forming around 0.8115, 0.8108 and the most recent high at 0.81078. The last three candles show a bearish engulfing pattern: the candle that closed near 0.81069 opened lower, pushed the low to 0.81058 and closed near the upper edge, while volume stayed modest (≈120‑180 contracts), suggesting insufficient buying pressure to sustain a breakout. With the market failing to retest above 0.8108, the next logical target is the swing‑low cluster around 0.8083, which…

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