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Farooq

Technical Analysis – USDCHF _ 25-03-2019

HomeTechnical AnalysisTechnical Analysis – USDCHF _ 25-03-2019
25
Mar
Technical Analysis – USDCHF _ 25-03-2019

The pair was positive on Friday with support from 0.9905 (the first target of the downside scenario) in an attempt to test the 0.9975 level and gather some bearish momentum due to the oversold condition on momentum indicators …
The downside potential remains intact as long as the pair is trading below 1.0050 and the price could reach the second target at 0.9830.
A breach of 1.0050 resistance might be enough to end the downside scenario, and the price could then rise to test resistance at least 1.0100 – 1.0125.

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