The USDCHF had another indecisive movement yesterday. The bias is neutral in nearest term but as long as stays below 0.9420/35 I still prefer a bearish scenario. Immediate support is seen around 0.9300 followed by 0.9250 which are the nearest bearish targets. On the upside, a clear break and daily close above 0.9420/35 (daily EMA 200) will interrupt the bearish scenario and activate my bullish intraday mode.
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