USDCHF struggles to regain upide momentum after rejection at key resistance last week ...Middle East

Currently, the pair is testing a critical support cluster formed by the 100-hour moving average (0.8830), the 200-hour moving average (0.8830), and the 200-day moving average (0.88147). A confirmed break below this zone would reinforce the bearish bias and open the door for further declines toward 0.8800-0.8785. If sellers manage to sustain the downside pressure below the 200-day MA, it could accelerate losses, signaling a continuation of the broader downtrend.

However, as long as the price remains below the 38.2% retracement, rallies are likely to face selling interest, keeping the bearish structure intact.

This article was written by Greg Michalowski at www.forexlive.com.

Hence then, the article about usdchf struggles to regain upide momentum after rejection at key resistance last week was published today ( Monday 17/03/2025 - 04:21 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( USDCHF struggles to regain upide momentum after rejection at key resistance last week )

Also on site :

• Who Is High Voltage on ‘The Masked Singer’? The Electric Clues Point One Way
• Mira Murati’s startup, Thinking Machines Lab, is losing two of its co-founders to OpenAI
• Gaza plan phase two: US to discuss Hamas disarmament, Israeli withdrawal