hey traders,
I was asked a lot about USDCHF.
Analyzing 4H chart we can see that the market is currently entering a very wide zone of demand.
this zone is based on a rising trendline and horizontal structure.
Chances are very high that we will see a bullish reaction from this zone at least to 0.992 level.
for now, it is very difficult to tell from which point exactly we will see a retracement.
First, look for a reversal formation before taking any action.
I will post an update later on.
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