.Pivot: 78.00: SHORT positions below 78 with 77.6 & 77.3 in sight.
Alternative scenario: The upside penetration of 78 will call for 78.15 & 78.35.
Comment: the pair stands below its resistance and remains on the downside.
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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 ...