USDCHF is bouncing off the long-term support zone
USDCHF is bouncing off the support zone 0.9100-0.9150. A confirmed close below the 0.9100 is required for a downside reversal. For a complete upside reversal breakout and higher probability long trade entries, we need to see a confirmed break above 0.9200. A break below this level would lead to an extension higher to 0.9370. The overall long-term is downtrend but we need to see a break below 0.9000 for a complete downside continuation extension.
Note – We are more inclined to a long trade with the stop loss below 0.9100
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