Forex: USD/CHF Technical Analysis – Bears Held Back at 0.90
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- Prices declined as expected after showing a bearish Dark Cloud Cover candle pattern
- Sellers are testing support at 0.8993 (76.4% Fib); a break lower exposes 0.8850 (100% Fib)
- Near-term resistance is at 0.9081 (61.8% Fib); above that targets 0.9152 (50% Fib)
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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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