Forex: USD/CHF Technical Analysis – Trying to Build Above 0.91
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- Prices broke above 0.9063 (23.6% Fib) after showing a Bullish Engulfing candle pattern
- Pushing above 0.9111 (38.2% Fib exp.) exposes 0.9150 (50% Fib exp.)
- Reversing back below 0.9063 targets 0.8986 (January 14 swing 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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