Forex: USD/CHF Technical Analysis – Support Seen Above 0.89
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices declined as expected after putting in a Bearish Engulfing candle pattern
- Support is at 0.8954 (38.2% Fib exp.); below that eyes 0.8901 (50% Fib exp.)
- Back above 0.9020 (23.6% Fib exp.) exposes 0.9127 (January 8 swing high)
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
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? START HERE
For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.