The USDCHF just moved down to test the low from January 13 at 0.8849. The low price reached 0.88474.
Am hoping to see this pair go short and create ah double bottom at that support level of 0.8746 before move to the
We have notice and bearish forecast on this pair but there was and fasle breakout to the upside which didnt continue
now we are entering to go short on this pair
Technically, the quote stretched its U-turn from 200-HMA and breaks 50% Fibonacci retracement of January 07-19 upside, which in turn directs the sellers to a 61.8% Fibonacci retracement level of 1.0737.
Should bears refrain from bouncing off the key Fibonacci retracement support, the 1.07000 threshold will flash on their radars.
Meanwhile, an upside clearance of...