USDCHF struggles to break key resistance at 0.8900, faces hurdles ahead ...Middle East

The USDCHF tumbled yesterday, and in the the process fell below a key cluster of support near at 0.8900. At the level is the:100-day moving average50% midpoint of the move up from the July lowNatural support at the levelSwing level from different lows and highs going back to SeptemberFalling below that level increased the bearish bias, and gave more control to the sellers. In trading today, the high price has remained below the level. The high price today has reached 0.8892.On the downside, the low price today extended into a swing area between 0.8851 and 0.8866. That area was started in April and May and was reestablished in July, August, and September. The first test today stalled the fall

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USDCHF struggles to break key resistance at 0.8900, faces hurdles ahead ...Middle East

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