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Buying Opportunity if USD/CHF Drops to 1.0726

posted by Avatar fx360 1059 days ago in USD, CHF, Technical made popular 1059 days ago

The 61.8% retracement level of support near 1.0780 (based on last Wednesday's ~400 pip spike) served as a floor for this morning's ~100 pip bounce leading to a current intraday high of 1.0888. This high may define a possible point C of an emerging bullish butterfly pattern (see 2hr chart) projected to complete near the following Fib convergence
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