“¢ Fading safe-haven demand continues to weigh on the Swiss Franc. “¢ A modest USD uptick provides an additional boost in the last hour. “¢ Technical buying above 1.0150 paves the way for additional gains. The offered tone surrounding the Swiss Franc picked up the pace during the early European session on Tuesday, lifting the USD/CHF pair to its highest level since Jan. 2017. The pair built on its recent bullish bounce from the very important 200-day SMA and continued gaining positive for the second consecutive session on Tuesday, also marking the sixth day of strong gains in the previous seven. The momentum witnessed over the past four weeks was aided by dovish comments by SNB Chairman Thomas Jordan, saying that there is no reason to change monetary policy and more room to cut if needed. This coupled with continuous improvement in the global risk sentiment, amid growing optimism over a possible US-China trade deal, further dented the Swiss Franc’s safe-haven status and remained supportive of the up-move. Today’s strong momentum could also be attributed to a modest pickup in the US Dollar demand, with possibilities of some short-term trading stops being triggered further aggravating the move in the past hour or so. The pair now seems to have confirmed a near-term bullish breakout and hence, a follow-through up-move, towards reclaiming the 1.0200 handle, remains a distinct possibility amid absent relevant market moving economic releases. Technical levels to watch 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 EUR/USD to stay close to 1.13 on 3M – Danske Bank FX Street 4 years "¢ Fading safe-haven demand continues to weigh on the Swiss Franc. "¢ A modest USD uptick provides an additional boost in the last hour. "¢ Technical buying above 1.0150 paves the way for additional gains. The offered tone surrounding the Swiss Franc picked up the pace during the early European session on Tuesday, lifting the USD/CHF pair to its highest level since Jan. 2017. The pair built on its recent bullish bounce from the very important 200-day SMA and continued gaining positive for the second consecutive session on Tuesday, also marking the sixth day… 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.
