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USDCHF 31.10.2024
General Trend:
The general trend shows a decline after a period of upward movement, with the price approaching a key resistance level at 0.8737, which may act as a barrier to continued upward momentum.
Expected Scenario:
If the price manages to break through the resistance level at 0.8737, the rise could extend to the next level at 0.8753.
Alternative Scenario:
If the price fails to break the current resistance at 0.8737, a downward reversal toward the support level at 0.8562 may occur. If this level is breached, the decline could continue to a lower level.
Key Levels:
Resistance: 0.8737 - 0.8753
Support: 0.8562
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
