USDCHF test support and bounces back, boosting the dip buying traders confidence ...Middle East

In my recent video analysis of USDCHF (CLICK HERE), I discussed the pair's movement below the crucial 61.8% Fibonacci retracement level at 0.88186, coinciding with the testing of the Asian session's swing low at 0.8791. I highlighted the risk for traders of a potential rebound above the 61.8% retracement level. However, following a break below 0.8791, the selling pressure intensified, driving the price down to the next significant support zone between 0.8728 and 0.87435. The lowest price reached today was 0.87314, barely 3 pips above the target low, before experiencing a bounce. Currently, the price has risen above the high end of this swing area at 0.87435, offering some relief to dip buyer

Read More Details
Finally We wish PressBee provided you with enough information of ( USDCHF test support and bounces back, boosting the dip buying traders confidence )

Also on site :

Heartbreaking letters Camp Mystic children wrote to their family arrive days after they died in Texas floods
Watch- Shubman Gill reacts as Ravindra Jadeja teases him in front of Sara Tendulkar
SEC says prominent Georgia Republican bank boss defrauded 300 investors in $140 million Ponzi scheme

USDCHF test support and bounces back, boosting the dip buying traders confidence ...Middle East

Dual surnames for married couples in focus ahead of Japan poll

Mohammed Kudus’ Elite Dribbling Brings Something New to Tottenham

State Department is firing over 1,300 because, Rubio believes, ‘effective modern diplomacy requires streamlining this bloated bureaucracy’

Rough sleeper banned from station for playing piano

Samsung is exploring new wearable form factors such as earrings and necklaces

Balfour Beatty breaks ground on $260m apartment building in Washington, DC

Don't Burst Our Bubble! The NYT and Joyce Carol Oates Are Terrified of Conservatives In Universities

White House mercilessly mocked for posting pic of Trump as Superman

FDA Commissioner: 'We want to focus on food'

Centennial Beach in Naperville closed after 27-year-old man pulled from water dies

The Office spin-off series with The White Lotus star confirms UK release date

MLB Insider Lists $13.5 Million All-Star As Mets 'Best Match' In Trade

Breckenridge adding wildflower advisories online to keep people up to date

On Air Today: Bud Matthews Services on Disaster Recovery After Chantal

Jamie Smith picks up the baton for England after early Joe Root dismissal