Pivot: 110.40
Our preference: SHORT positions below 110.4 with 108.75 & 108.25 in sight.
Alternative scenario: The upside penetration of 110.4 will call for a rebound towards 111.3 & 111.95.
Comment: the RSI is capped by a declining trend line.
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USDCHF Technical Analysis - Sell at 0.9955
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