menu search

Sellers in USDCHF take the price back below retracement target giving sellers confidence.

Sellers in USDCHF take the price back below retracement target giving sellers confidence.
The USD/CHF pair initially rose today, testing a critical zone between 0.8982 and the psychologically significant level of 0.9000. However, sellers stepped in at the upper boundary of this zone, driving the price lower. Notably on the downside, the pair has now breached the 38.2% retracement level from the July low at 0.89808, marking an important technical break that strengthens the bearish sentiment. This level now serves as a close risk for sellers anticipating further declines today. Staying... Read More
Posted: Oct 19 2023, 14:39
Author Name: forexlive
Views: 092053

Search within

Pages Search Results: