The USDCHF had a significant bearish momentum yesterday, break below the range area and hit 0.8704 earlier today in Asian session. This fact changes my intraday bias to bearish targeting 0.8555. Immediate resistance at 0.8779 (former support) which is I think the best place for a short position with good risk – reward ratio. A clear break above that area would lead us to neutral zone as direction would become unclear.
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