USDCHF Weekly Price Action Analysis

Hello Price Action Traders.

USD/CHF

The USD/CHF made a 50% retracement after the strong upward move provoked by the double bottom of last spring. The Swissy bounced on the 0.88600 level on Tuesday and closed the week at 0.89415 boosted by good US economic data. The weekly chart shows a Pin Bar, a price action signal. A breakout of the high could push the pair towards the 0.90000 area.

 

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