Trade of the Day USDCHF

USDCHF is retesting the strong upside resistance

 

USDCHF has formed a downtrend channel from October 2019. It is retesting the strong upside resistance inside channel 0.9230. A break above this level is required for the upside continuation to 0.9400. A rejection here is required for the downside reversal to 0.8900.

Note: you can take the short trade entry with the stop loss above 0.9230.

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