Attached is the daily chart of USDCHF. As you can see, for the past few days 1.1719 has proved to be a very strong resistance and price has been unable to break above it. Yesterday, with the euro making an upward run, we saw the price of UC going down to its support level at 1.16. Now the range is between these two prices.
I believe this range would go on for a few more hours. With several news items lined up for today, we should see a breakout from this range. I would rather wait for a breakout from this range before i jump in with a trade.
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