The US Dollar declined against the Swiss Franc as expected after prices produced a bearish Evening Star candlestick pattern. Prices are tracing out a Triangle chart formation, a setup that carries bearish continuation implications if completed on a daily close below the pattern's lower boundary (now at 0.8770). That would initially expose the
Risk/reward considerations argue against taking a short position with prices trading in close proximity to relevant support. We will remain on the sidelines for the time being, waiting for a more attractive trading opportunity to present itself.