Forex: USD/CHF Technical Analysis – Bulls Lose Grip on 0.89
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- Prices broke support at 0.8903 (23.6% Fib exp.), exposing 0.8843 (38.2% Fib exp.)
- A further push lower targets 0.8795 (50% Fib exp.)
- Reversing back above 0.8903 aims for 0.8950 (falling trend line)
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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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