Confluence On the daily, we can clearly touch on a well-tested support area. Another thing we can see is the bearish divergence which could be a sign for a possible push to the upside. Another thing we can see is the head and shoulders pattern which might lead to a push to the upside.
COT If we look at the COT reports we can clearly see a decrease in short positions and an increase in long positions. At this point, CHF is moving down but a push to the upside will not be a huge surprise because the USD is also getting weaker.
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