USDCHF weekly analysis

Last week as the price spiked up, we were looking forward for the bullish opportuinity in USDCHF. The price consolidated near the area 0.996 and started the do rally down. This week we will consider the continuation of downtrend. If we see the price testing the resistance at 0.989, we can look forward to enter the market with a short position towards our previous target of 0.976
Chart PatternsTrend Analysis

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