Category: Pullback
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UBS suggests shorting USD/CHF amid DXY pullback and data woes By Investing.com
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UBS recommended investors sell the pair, indicating attractive entry levels for trading. The company confirmed that the DXY index, which measures the strength of the US dollar against a basket of currencies, fell 1.5% from its peak in late April due to disappointing US economic data. Despite the Federal Reserve’s…
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Chart Art: GBP/CHF Bullish Trend Pullback Zone
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The British pound pair broke the resistance level at 1.1450 but is now stopping near 1.1650. Is it time for a big correction? Take a look at the area of interest I am watching on the 4 hour time frame. GBP/CHF Forex 4 Hours Chart by TradingView Did you miss…