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Technical Analysis – USDCHF _ 25-02-2019

HomeTechnical AnalysisTechnical Analysis – USDCHF _ 25-02-2019
25
Feb
Technical Analysis – USDCHF _ 25-02-2019

Although the negativity was evident on the pair, especially after it remained below the SMA 100 on the four hour frame, it is better to wait for four hours closing below 0.9980 to confirm the continuation of the downside towards support 0.9910 as the first target and 0.9840 as the second target.

A return to the upside and a breach of 1.0060 might be enough to confirm the end of the current bearish correction and resume the upside move to be next target at the November high of 1.0125 which breached a daily closing might push the price to target at least 1.0225 resistance.

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