USD/CHF edged lower to 0.8757 last week but recovered since then. Initial bias remains neutral this week and more consolidation could be seen. But upside should be limited by 0.8911 support turned resistance. On the downside, break of 0.8757 will resume the fall from 0.9200 to 61.8% retracement of 0.8374 to 0.9200 at 0.8690. Sustained […]
Daily Pivots: (S1) 0.9031; (P) 0.9092; (R1) 0.9128; More… Intraday bias in USD/CHF remains neutral for the moment, as consolidation continues below 0.9200. Further rally is expected with 0.9007 support intact. On the upside, decisive break of 0.9223 will carry larger bullish implications. However, break of 0.9007 will turn bias back to the downside for […]
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