Contributors Technical Analysis USD/CHF Another False Breakout

USD/CHF Another False Breakout

Price failed to stay above the second warning line and now could drop deeper in the upcoming days. USD/CHF is somehow expected to drop in the upcoming days after the failure to make new highs and to jump above the 0.9771 previous high. The failure to reach and retest the upper median line (uml) of the descending pitchfork could send the rate very fast towards the median line (ml) of the descending pitchfork.

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