Forex: USD/CHF Technical Analysis – Rally Capped at Trend Line
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- Prices rose as expected after showing a bullish Morning Star candle pattern
- Breaking above the 0.8967 (trend line) targets 0.8991 (38.2% Fib ret.)
- Turning back below 0.8930 (23.6% Fib ret.) exposes 0.8893 (14.6% Fib ret.)
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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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