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FX.co ★ USDCHF ,H4 | Potential breakout?

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Forex Analysis:::2023-07-05T07:20:04

USDCHF ,H4 | Potential breakout?

USDCHF ,H4 | Potential breakout?

The USD/CHF chart currently shows a neutral momentum, with potential price fluctuations between the first support level at 0.8907 and the first resistance level at 0.9013. The second support level at 0.8861 and the second resistance level at 0.9111 contribute to Fibonacci confluence. Additionally, a symmetrical triangle pattern indicates consolidation, with a breakout above the upper trendline signaling a bullish move and a breakdown below the lower trendline suggesting a bearish move.

Analyst InstaForex
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