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fxmonarchy
May 3, 2020 7:05 PM

USDCHF downside coming /sell Short

U.S. Dollar/Swiss FrancFXCM

Description

Bulls have a tough job to break current resistance levels, and weekly chart shows 50/200 ma's holding price from breaking further. Last week by all currency perfromance analysis USD was the worst one, and this 1w candle could spark more downside, even back to monthly support. Pair has good technical and fundamental reasons to continue more bearish or minimum to stay at lower bound of current weekly range.
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