USDCHF - 2 options for you

See chart

Firstly, you would notice that the price action has been stuck in a symmetrical triangle since early May. It did breakout on 22 Nov but not for long. It retreats back after hitting the resistance at 1.001 on 29 Nov.

2nd Dec , it has formed a strong bearish engulfing candle which takes the price all the way south to current price of 0.9877. There is a first support at 0.98437 and is expected to rebound. If this fails and it breaks down from the support, then we would see the price heads further south towards 0.9799.

Let's see which option plays out in this exciting month of December.