Weekly market breakdown: USD/CHF
Updated
price rallied to the downside and tested a key weekly level of 0.99000, however daily rejections at this price region with bullish candle suggest strong institutional demand that may be dominant over the bears. Price could reverse and form a new lower high at the highlighted region as the 3rd drive, also in confluence with MA acting as resistance in addition to that price region being a 61.8% fib zone.
Trade active
Trade active
SL is moved to break even due to swiss interest rate decision out at 9:30 am, the price can be heavily manipulated and fluctuate both up and down.
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