USD/CHF Daily Outlook – ActionForex
Intraday bias in USD/CHF remains neutral for the moment. Risk will stay on the downside with 0.7906 resistance intact. Below 0.7807 will target 0.7760 first. Firm break there will resume the fall from 0.8041. However, break of 0.7906 will bring stronger rally back to retest 0.8041 high.
In the bigger picture, as long as 55 W EMA (now at 0.8035) holds, fall from 0.9200 is expected to continue, as part of the larger down trend. Firm break of 0.7603 will target 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382.
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