Contributors Technical Analysis USD/CHF Attracted By Confluence Area

USD/CHF Attracted By Confluence Area

USD/CHF decreased sharply on Friday and now is located in the seller’s territory. Price opened with a gap down, has come back to close it, but failed to stay near today’s 0.9578. Technically, should drop much deeper in the upcoming days, is attracted by the confluence area formed at the intersection between the lower median line (lml) with the 0.9498 static support. The breakdown has invalidated a potential Inverse Head and Shoulders.

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