USDCHF has reversed from our Pivot point, potential for a drop

1 thg 12, 2020

Price has just reversed off our Pivot point at 0.90935 which is in line with our 127.2% Fibonacci extension, 61.8% Fibonacci retracement and horizontal swing high resistance. We could potentially see price drop towards our 1st support level at 0.90291. It is worth noting that the Ichimoku cloud and descending trendline is showing bearish pressure in line with our analysis.

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