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USDCHF trades back below 100/200 hour MAs

The USDCHF shifted the technical bias to the downside today after falling below the 100 and 200 are moving averages. Recall from yesterday, the fall to the downside got below the 200 hour moving average (green line in the chart above), but found support buyers against the 100 hour moving average below (blue line in the chart above).

In a trading today, the price started the day above both those moving averages, only to make a move lower during the early European session. The move to the... Read More

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Posted: Feb 8 2023, 14:34

Author Name: forexlive

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