Forex: USD/CHF Technical Analysis – October Low Under Pressure
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- Prices are testing support in the 0.8889-0.8901 area (Oct 24 low, 61.8% Fib exp.)
- A break downward exposes 0.8818 (76.4% Fib exp.)
- Turning above 0.8950 (falling channel bottom) targets 0.8967 (50% Fib exp.)
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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