The USDCHF had a bearish momentum last week closed at 0.9295. Price opened lower earlier today at 0.9231 and hit 0.9228. The bias is bearish in nearest term testing 0.9200 – 0.9170. Immediate resistance is seen around 0.9300. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 0.9380 I still prefer a bearish scenario at this phase.
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