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Forex: USD/CHF Technical Analysis – Flirting with 0.91 Figure

By , Currency Strategist
17 January 2014 07:40 GMT

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Talking Points

  • Prices are edging higher after showing a Bullish Engulfing candle pattern
  • Pushing above 0.9111 (38.2% Fib exp.) exposes 0.9150 (50% Fib exp.)
  • Reversing below support at 0.8986 (Dec 19 high) targets 0.8918 (horizontal pivot)

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_usd-chf_body_Picture_11.png, Forex: USD/CHF Technical Analysis – Flirting with 0.91 Figure

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

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17 January 2014 07:40 GMT