Let's consider the four-hour chart of the USDCHF currency pair. After an upward correction, the bears activated and a reversal to the south occurred. The price found support at the level of 0.7830 and is now trying to consolidate below this level. The next potential target of the downward movement is seen at the support level of 0.7807. In case of a breakthrough and successful consolidation of the price below this level, a decline to the level of 0.7781 is likely to be seen. Selling will be a priority as long as the price is trading below the 46-period moving average. A pullback to this level will reduce the relevance of selling. It is better to timely transfer open positions to breakeven in case of force majeure situations and unwanted financial losses.
