The breakout of USD/CHF through the 0.9906 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of USD/CHF to test 0.9865 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
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After testing 0.9906 numerous times, USD/CHF has finally broken through. Can we expect a bearish trend to follow?
December 3, 2019 2:13 pm
