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UnknownUnicorn1065389
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since Jun 15, 2017
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If it starts going down not up without creating any new highs we might see a pullback to .38. This is just an idea, not a suggestion. Good luck!
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2 things could happen imo 1) pullback/reversal after testing the fibo levels; 2) new highs (continuation of the current bullish trend). I see a strong dollar against the franc and combined with my technical analysis I am supportive of the second idea.
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IMO the pair is oversold, but as we all know that doesn't mean anything and buying/selling countertrend is highly risky and shouldn't involve big lot trades with low risk to reward ratio. KEEP IN MIND this is not a suggestion but and idea and first we need some slightly bullish momentum to confirm the pullback.
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