Forex: USD/CHF Technical Analysis – Resistance at 0.9378 Eyed
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices pushed higher as expected after putting in a bullish Piercing Line candlestick pattern
- Break above resistance at 0.9290 (23.6% Fib retracement) exposes 0.9378 (38.2% level)
- Reversal back under 0.9290 targets a rising trend line set from February 2012 (now at 0.9166)
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
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.