Karen Jones, analyst at Commerzbank, suggests that the USD/CHF pair is heading to the 1.0295/January 2015 high and the 1.0343 December 2016 peak, which represents a very tough resistance band for the market and has provoked failure for 5 years. Key Quotes “We would expect it to hold again. We note a 13 count of the 240 minute chart and would allow for a minor pullback. To the 1.01 area. The market will find initial support offered by 1.01 then the 55 day ma at 1.0033 ahead of the 200 day ma at .9934.” “The 200 day ma guards the March low at .9895 The March low guards the .9881 6 month support line and the .9716 recent low.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD path of least resistance is down after hitting 1.2900 Yohay Elam 4 years Karen Jones, analyst at Commerzbank, suggests that the USD/CHF pair is heading to the 1.0295/January 2015 high and the 1.0343 December 2016 peak, which represents a very tough resistance band for the market and has provoked failure for 5 years. Key Quotes "We would expect it to hold again. We note a 13 count of the 240 minute chart and would allow for a minor pullback. To the 1.01 area. The market will find initial support offered by 1.01 then the 55 day ma at 1.0033 ahead of the 200 day ma at .9934." "The 200 day ma guards the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
