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JohnnyPurtoy98
May 24, 2018 11:02 AM

USDCHF - successful bounce Short

U.S. Dollar/Swiss FrancFXCM

Description

The price has successfully bounce off the broken support, which is now acting as a resistance level. Also, the price has started to form a bearish channel. This indicates over the next few days we are very likely to see bearish moves, this outcome is also preferred by the RSI as it is in a bearish position. I would keep everyone updated on this pair over the coming days.
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