The USD/CHF pair fell today to test the 0.8930 area, and looks as if it is moving lower. The pair looks likely to reach the all-time lows again. The strong down trend looks to be intact still, and a new bullish move isn’t expected anytime soon. You shouldn’t buy this pair, and rallies should be sold until at it breaks higher, and clears at least the 0.93 handle, which to be honest still only makes it a typical counter-trend move.
Originally posted here
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