Why USDCHF is in Retesting Phase? and Expected Trend Reversal

USDCHF is currently trading at 0.91000, with a target price of 0.89900, indicating a short-term bearish movement. The expected price drop of 100+ pips suggests a potential short-selling opportunity. The pair is in a retesting phase, meaning it is re-evaluating a previously broken trendline. This retest occurs after a downtrend, confirming bearish momentum. However, after this small decline, a strong bullish wave is anticipated. The price is expected to recover and move upward toward the 0.93000 level. This suggests a trend reversal after the retracement phase. Traders may consider shorting until 0.89900, then looking for bullish confirmation. Risk management is crucial due to potential market volatility. Analyzing support, resistance, and market sentiment can help refine entry and exit points.