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Forex: USD/CHF, short term analysis

Even it's movements seemed to be chaotic, this currency pair is keen to go as much as 0.9955 (127.2 of the Fibonacci extension measured on the upside move 0.96875 - 0.87011) for two reasons, as follows:
1. It's situated in the upside bias, because the price remained over the 0.9395 pivot level.
2. Broke the superior side of the confirmation range of 0.9395 - 0.9599
Money management:
S/L will be placed on the nearest pivot level - on the 0.9395 level.
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