USDCHF – Bullish outside day confirms sentiment

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Technical Monthly: Three consecutive positive monthly bars have been followed by indecisive price action around the 1.0000 psychological area. Remains in a corrective bullish channel. The trend of higher lows (from 2012 and 2015) is currently located at 0.9357. With horizontal resistance located at 1.0340. Weekly:  Sideways price action has been contained within the range 0.9800-1.0063. ...

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