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USD/CHF: Descending Triangle

USD/CHF, 1 hour    LONG Feb 29
We can see that the price completes a descending triangle, the price wants a further active move as evidence of a breakout. A descending triangle is a useful bullish price signal that often indicates a further move up in case if price breaks out to the the upside. It is possible that a rangebound to the 0.88 mark will form amid USD/CHF reclaims part of the ground lost.
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