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USD/CHF: bearish 'Shooting Star' pattern

USD/CHF: bearish 'Shooting Star' pattern

Information is not investment advice

There's a bearish 'Shooting Star', which led to the beginning of the current downward correction. Moreover, we've got a 'Tweezers' pattern, which has been confirmed. Thus, it's likely that the market is going to test the next support at 1.0010 by the lower 'Window'. The subsequent pullback from this level could lead to an upward correction towards the nearest resistance at 1.0145.

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The upside of EUR/CHF has so far been limited by 1.0975. On Monday, the pair slipped below 1.0940 resuming the decline that started last week.

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