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Previously

on 27 Dec
Long Term: The pair USDCHF is in downtrend on all major timeframes. In the long term we can see a huge descending trend since july 2001.
Medium Term: After a medium term top at 0,98 level, we have a downtrend since we broke down the 0,95 level. Now possibly ending the trend with a double bottom formation. If we dont break down 0,88 level may mean that the long term support zone 0.89 - 0.88 continues holding the price, at least for a medium-term sideways movement.

on 13 Jan
After the double bottom price brokeout the medium-term TL. Now is making a potential pull back.
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There we go, must see what happens on 0,9130 area. Meanwhile must see if EUR/USD breakedown the medium-term TL for confirmation of this USD/CHF up move.


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