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Facebook enters bear market but the chart is still in an uptrend Tech analysis by Simon Kazinsky on You will be up and running on your way in only minutes. The Forex Scalping EA is an extremely powerful and profitable fully automated forex robot that scalps the forex market for you on auto pilot with deadly accuracy - making lots of money!
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I was a little bearish yesterday and I was completely wrong, as the price has risen very strongly in this pair over the past 24 hours. This is partly due to new strength in the U. Dollar as money flows into perceived safe havens upon concerns over trade tariffs, but European currencies such as the Swiss Franc are also particularly weak right now.
Technically, the price has broken above resistance and is now approaching the parity level at 1. At the time of writing, the price has just hit the resistance level slightly below there at 0. I think that even if the Dollar remains strong, it might struggle to rise further, as the resistance level is so significant.
Nevertheless, I have to take a bearish bias today until there is an obvious and strongly bearish turn. There is nothing important due today concerning the CHF. DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees.
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