USDCHF continues to struggle below key ceiling resistance. Sellers remain in control ...Middle East

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USDCHF continues to struggle below key ceiling resistance. Sellers remain in control
Over the past 6 to 7 days, the USDCHF pair has established a resistance range between 0.8755 and 0.8770 (see yellow area on the chart below). In today's trading, the pair peaked at 0.8759, just below the falling 200-hour moving average of 0.87595, indicated by the green line in the chart. That high also installed within the yellow swing area. For the bulls /buyers to gain the upper hand, they must not only surpass this falling 200-hour moving average but also breach and sustain above the ceiling area at 0.87704. On the flip side, the 100-hour moving average (blue line in the chart below) at 0.87335 played a pivotal role in halting today's downward trend. For sellers to maintain their dominan

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