Daily Forex price action analysis – 2015-11-17

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USD/CHF is heading towards a major resistance area at 1.0200. The 1.0200 is also five year high from which price plummeted in January 2015, after the SNB decision which rocked the markets. If price hits the 1.0200, I see strong potential for a short reversal.

Another pair to watch out for is EUR/GBP, which is sitting on a strong support area. Other than that, there isn’t much in the way of price action set ups this Tuesday.

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