Pivot: 97.50
Our preference: LONG positions above 97.5 with 104.5 & 108.8 in sight.
Alternative Scenario: Below 97.5 down move to 95.5 & 94.
Comment: the pair has struck against its resistance and is facing a pull back.
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USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...