USDCHF has broken through a line of 0.8489 and suggests a possible movement to 0.8400 within the next 3 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 20 days.
Supported by Downward sloping Moving Average
Target: 0.84 Entry: 0.8472 Stop: 0.8497
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