The USDCHF had a significant bearish momentum yesterday, fell below the range area and hit 0.8853 earlier today in Asian session. This fact could end the consolidation phase and continue the major bearish scenario at least targeting 0.8800 – 0.8750 area. Immediate resistance at 0.8900. A clear break above that area would lead us to neutral zone in nearest term testing 0.8950 but overall I think the pressure remains strongly to the downside.
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