Overall view of USDCHF - Update of June 24th's week
Updated
Previous view: Prices were side ways with a test of the strong institutional level 1.00000 and forming a daily doji bar, with high odds of a bull trend continuation.
Actual outcome: Support zone was broken downward, confirming the bearish trend.
Actual view: We are likely to test the low of the year 0.97160.
Possible targets: @0.97160 (+40pips).
Advice: Stay bearish and sell at any highpoint while we don't break the support zone or 0.98000 top level.
Actual outcome: Support zone was broken downward, confirming the bearish trend.
Actual view: We are likely to test the low of the year 0.97160.
Possible targets: @0.97160 (+40pips).
Advice: Stay bearish and sell at any highpoint while we don't break the support zone or 0.98000 top level.
Trade closed: target reached
Low of the year was reached as predicted!
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