USD/CHF Price Analysis: Bulls trying to take over for the medium term USDCHF Technical Analysis
USD/CHF offers the prospects of a final push that could see a test of the 0.8970s.
There is, however, a bullish bias while the price accumulates on the backside of the prior bearish trendline as the following will illustrate. Zooming in on the weekly chart,m we can see that the bulls are moving in. A weekly break of the bearish trendline will be encouraging for a move toward a 50% mean reversion of the bear trend near 0.91000.The 4-hour chart shows the bulls rejected each time they try to take control but we have prospects of a final push that could see a test of the 0.
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