Forex Trading: USDCHF Falls Below Trendline And MA Signaling The End Of The Trend (for Now)
The USDCHF fell below trendline and the 100 bar MA on the 5 minute chart and this has prompted some profit taking selling in the USDCHF. The trend is still up but there could be additional selling that could take the price to 0.9257 and then a test of the 38.2% of the move up from yesterday’s low at the 0.92433 level.
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