FxWirePro: BCH/USD grinds lower for the 3rd straight session, bears target next major support at 660

• BCH/USD is extending weakness for the 3rd straight session. 
   
• Scope for further downside on bearish technicals.
   
• Price has been rejected at stiff resistance at 21-EMA.
   
• Minor recovery attempts on the day remain capped below 5-DMA.
   
• Stochs and RSI are biased lower. We see -ve DMI dominance which adds to the bearish bias.
   
• Next major support lies at 660 (trendline). Violation there could see further weakness.
   
• Major trend remains bearish. Only breakout at 21-EMA could see some upside. 

Support levels - 660 (trendline), 650 (June 28, 29 low)

Resistance levels - 740 (5-DMA), 775 (21-EMA)

Recommendation: Good to short upticks around 720/725, SL: 750, TP: 700/ 670/ 660

FxWirePro Currency Strength Index: FxWirePro's Hourly USD Spot Index was at 26.1021 (Neutral) at 0645 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.