By ForexMansion.com

 

The USD/CHF had broken all support two days ago, and today’s trading did nothing to change that theme. The pairs is finding that the support has fallen apart, and the selling pressure is on. The previous support area at 0.93-0.92 should serve as resistance now, and as long as we are below that – this pair is a sell as we should be targeting the 0.88 level based upon the previous consolidation rectangle.

If this pair somehow gets above the 0.93 level, then all technical sell signals would fall apart.

 

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