USDCHF POTENTIAL REVERSAL ZONE
USDCHF PAIR HAS BEEN ON STRON BULLISH TREND DUE TO US DOLLAR STRENGTH SINCE 03-FEBRUARY-2020. NOW PAIR TRADES ON LEVEL OF 0.9850 WHICH HAS ACTED AS SUPPORT SEVERAL TIMES IN THE PAST FROM SEPTEMBER-2019 TO DECEMBER-2019. THIS LEVEL IS ALSO 0.618 RETRACEMENT FIBONACCI LEVEL FOR RECENT DAILY DOWN SWING.
SO, WE CAN LOOK FOR DOWN SIDE REVERSAL IN THE PAIR AT LOWER TIME FRAME WITH THE TARGET OF 0.9760.
SO, WE CAN LOOK FOR DOWN SIDE REVERSAL IN THE PAIR AT LOWER TIME FRAME WITH THE TARGET OF 0.9760.
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