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10.06.202215:17 Forex Analysis & Reviews: USDCHF technical analysis for June 10, 2022.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 10.06.2022 analysis
we warned traders. USDCHF has formed a base between the 50% and 61.8% Fibonacci retracements. Price at the time also provided us with a bullish RSI divergence. Combined with the fact that we were trading around key Fibonacci support, we warned traders for the coming reversal. After 10 days price is higher at 0.9865 as price has started making higher highs and higher lows. Short-term trend has changed to bullish once again.

Alexandros Yfantis
Analytical expert of InstaForex
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