USDCHF breaks lower and extends below the 38.2% retracement. That is now key resistance. ...Middle East

Following the break, the price targeted the 50% retracement at 0.89655, finding initial buyers there during the early U.S. session. This level aligns with a swing area extending up to 0.89745, creating a critical support zone.

A break below 0.89655 would heighten bearish sentiment, while holding above keeps the focus on the battle between the 38.2% resistance at 0.90209 and the 50% support at 0.89655.

This article was written by Greg Michalowski at www.forexlive.com.

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