On the USDCHFÂ daily chart, we can see that the pair could be going for a retest of the broken H&S neckline 0.9900-0.9950 zone. This zone could be used for the short trade entries for a possible continuation inside the downtrend channel targeting 0.9700 level. Only a daily close above the 0.9950 level would invalidate the downside swing.
Note: Look at the short trade entries with the stop loss above 0.9950 level.
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