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Today, July 17, 2024 – The USDCHF price has resumed its downward movement after encountering resistance near the EMA50 in recent sessions. This supports expectations of a continuation in the corrective bearish trend, initially targeting the test of $0.8885. A decisive break below this level could extend losses towards $0.8780.
Conversely, a breakthrough above $0.9014 would halt the anticipated decline, potentially prompting a return to the primary bullish trend.
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Today’s projected trading range is expected between support at $0.8860 and resistance at $0.9000.
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Trend Forecast: Bearish
