USDCHF spike stalls at key moving average resistance and backs off. ...Middle East

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On the downside, the 4-hour chart highlights a support swing area between 0.85309 and 0.85570 (see red numbered circles on the chart below).

Buyers took there shot, but stalled the rally. So buyers and sellers are now in a battle.

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

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