Pivot: 77.75.
Our Preference: SHORT positions below 77.75 with 77.3 & 77 in sight.
Alternative scenario: The upside penetration of 77.75 will call for 78 & 78.15.
Comment: the pair stands below its resistance and remains under pressure.
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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 ...