Forex: USD/CHF Technical Analysis – Support Held Below 0.89
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- Prices rose as expected after showing a bullish Morning Star candle pattern
- Turning above resistance at 0.8930 (23.6% Fib exp) targets 0.8958 (trend line)
- Dropping through support at 0.8893 (14.6% Fib) exposes 0.8831 (Dec 17 low)
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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