USD/CHF dropping really nicely from selling area, remain bearish

The price has continued to drop really nicely after breaking our key support area. We look to remain bearish and sell on strength below 0.9925 resistance (Fibonacci retracement, pullback resistance) for a strong push down to at least 0.9826 support (head and shoulders exit potential, pullback support, Fibonacci extension).

RSI (89) is under a lot of downside pressure.

Sell below 0.9925. Stop loss is at 0.9991. Take profit is at 0.9826.


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