Following the recent up move, a probable dip lower is expected in the pair, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “USD/CHF has eroded the .9992 June high and rallied to the 2017- 2018 resistance line at 1.0025. The new high has not been confirmed by the daily RSI and we would allow for a near term dip lower. It remains bid while above the 55 day ma at .9916. We will assume overall risk remains on the topside. We have a resistance line at 1.0025 which guards the top of the range at 1.0145, the mid-July high and the 78.6% retracement at 1.0096. This is the last defence for the 1.0343 December 2016 peak”. “Below the 55 day ma alleviates immediate upside pressure for a slide back to the 200 day ma at .9751. Dips will find minor support at .9751, .9642 ahead of .9524″. 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 ETH/USD motionless below $204: BitGo Ethereum-based Bitcoin ERC20 token live FX Street 4 years Following the recent up move, a probable dip lower is expected in the pair, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes "USD/CHF has eroded the .9992 June high and rallied to the 2017- 2018 resistance line at 1.0025. The new high has not been confirmed by the daily RSI and we would allow for a near term dip lower. It remains bid while above the 55 day ma at .9916. We will assume overall risk remains on the topside. We have a resistance line at 1.0025 which guards the top of the range at 1.0145,… 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.
