USD/CHF Technical Analysis: 6-Month Trend Support Broken
USD/CHF Technical Analysis – Prices broke support at a rising trend line set from February, exposing the 38.2% Fibonacci expansion at 0.9189. A further push beneath that eyes the 50% level at 0.9127. Trend line support-turned-resistance is now at 0.9240, with a move back above that targeting the 23.6% Fib at 0.9265.
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE