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Forex: USD/CHF Technical Analysis – Franc Falls to 2-Month Low

Forex: USD/CHF Technical Analysis – Franc Falls to 2-Month Low

2014-01-21 13:16:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • Prices are edging higher after showing a Bullish Engulfing candle pattern
  • Closing above 0.9150 (50% Fib exp.) exposes 0.9188 (61.8% Fib exp.)
  • Below 0.9111 (38.2% Fib exp.) targets 0.8986 (horizontal pivot)

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_usd-chf_body_Picture_6.png, Forex: USD/CHF Technical Analysis – Franc Falls to 2-Month Low

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

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