After a strong bullish run through to 0.99800, USDCHF is now testing a key resistance level formed over the past week. Price action shows that the resistance is being rejected and thus I have the bias that there may be some downside momentum due to arrive in USDCHF towards 0.98940.
I will be looking to short this pair if price forms a shooting star that is broken to the downside.
I will be looking to short this pair if price forms a shooting star that is broken to the downside.
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