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USD/CHF faces minor support at 1.009, break below targets 1.000

  • Candle Stick pattern- Shooting star (Hourly chart)
     
  • Minor support – 1.00900 (trend line joining 1.00675 and 1.00749)
     
  • The pair has once again slightly declined after making a low of 1.00930.It is currently trading around 1.01228.
     
  • USD/CHF minor support is around 1.00900 and any break below will drag the pair down till 1.00670/1.0043 (7- day EMA).
     
  • On the higher side , any break above 1.01350 will take the pair to next level till 1.0180/1.0220.

    It is good to sell below 1.0090 with SL around 1.0135 for the TP of 1.0045/0.9990
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