USDCHF: Inverse Head-And-Shoulders Pattern

USDCHF, H2

USDCHF is recovering after a decline and formed a head-and-shoulders pattern.

The MACD histogram crosses the 0-line upwards, however the 0.9060 resistance area is strong, giving a mixed sentiment for the asset.

If the price breaks above the 0.9060 resistance, it may propel the asset to 0.9100.
However, if the retest fails. It may trigger a decline toward the 0.9040.

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Author: Timur Yurdagyul