(0,9400) The USD/CHF formed a negative outside day confirming also a closing below the 200 days line at 0,9414, now resistance. While below this line on a daily closing we have to expect further pressure. The closing confirmed a closing below the support of the outside day at 0,9440 supporting lower levels. We expect now a firm test of the 0,9350 key level; a possible break also below this level will suggest a deeper correction with a potential target at 0,9155. The indicators of the daily chart are now well negative and of course also those of the s/t ones are below the line suggesting further weakness. While below 0,9415 on an hourly closing we expect the suggested test of the 0,9350 level. We stay on the sideline!
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