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If we look at the 4-hour chart of USD/CHF, we have spotted the Bearish Pennant Pattern. We see that the last RH (Ross Hook) is a SELL Side Liquidity Pool at 0.9501 will be the first target for this currency pair. This target is likely to be hit when USD/CHF breaks out and closes above 0.9718.
The overall bias of USD/CHF is bearish.
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The material has been provided by InstaForex Company - www.instaforex.com