A bearish trend is now in action as you can see the red arrow shown on the hourly EURCHF chart at the current time which is supported with a top at 1.203 which can be also used as a very strong resistance that the price shouldnt go above it if the bearish trend still strong.
Also the parabolic sar dots is showing above the candles which is a sign that the price is heading down for a while.
When selling trades take a place I think then the support located at 1.202 can be a good area in order to close some open positions as the price has a good chance to go north after hitting it.
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