The breakout of USD/CHF through the support line of a Channel Up could be a sign of the road ahead. If this breakout persists, we expect the price of USD/CHF to test 0.9866 within the next 5 hours. 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 support twice in the past, USD/CHF has finally broken through. Can we expect a bearish trend to follow?
December 5, 2019 2:06 am
