USDCHF Long-term Trend: Bearish
On the long-term outlook, USDCHF is bearish. The bearish trend increases as the sellers are increasing in their momentum. The price carried out a price retracement towards the broken level of $0.98 last two weeks and the price closed at the level. The Bears gained more pressure last week and strong bearish candles emerged which penetrated downside the former demand levels of $0.98 and $0.97. At the moment it is targeting the demand level of $0.95.


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