Forex: USD/CHF Technical Analysis – 19-Month Uptrend Broken
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- Prices declined as expected after showing a bearish Dark Cloud Cover candle pattern
- A break of support in the 0.9152-70 area (trend line, 50% Fib) has exposed 0.9081 (61.8% Fib)
- Reversing back above the trend line targets 0.9224 (38.2% Fib expansion)
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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