“¢ The cross extended its sharp intraday retracement slide from two-week tops and tumbled to fresh session lows in the last hour, erasing all of the previous session’s gains.
“¢ A sustained weakness below 50-hour SMA was seen as a key trigger behind the latest leg of the slide in the last hour, through bears took some breather near 100-hour SMA
“¢ The mentioned support coincides with 61.8% Fibonacci retracement level of this week’s up-move (1.1326-1.1393) and should continue to protect the immediate downside.
“¢ A convincing breakthrough the mentioned confluence support might turn the cross vulnerable accelerate the slide back towards weekly lows, the 1.1325 region.
EUR/CHF 1-hourly chart
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EUR/CHF
Overview:
Today Last Price: 1.1361
Today Daily change: -29 pips
Today Daily change %: -0.25%
Today Daily Open: 1.139
Trends:
Daily SMA20: 1.1371
Daily SMA50: 1.1323
Daily SMA100: 1.1345
Daily SMA200: 1.1409
Levels:
Previous Daily High: 1.1392
Previous Daily Low: 1.1349
Previous Weekly High: 1.1374
Previous Weekly Low: 1.1329
Previous Monthly High: 1.143
Previous Monthly Low: 1.1183
Daily Fibonacci 38.2%: 1.1375
Daily Fibonacci 61.8%: 1.1365
Daily Pivot Point S1: 1.1362
Daily Pivot Point S2: 1.1334
Daily Pivot Point S3: 1.132
Daily Pivot Point R1: 1.1405
Daily Pivot Point R2: 1.1419
Daily Pivot Point R3: 1.1447
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