In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could retreat further and test the 55-day SMA in the 0.9810 area. Key Quotes “USD/CHF has tested and reacted back from the .9956 78.6% retracement. This resistance is reinforced by the .9992 June high. We suspect that the market will pull back towards the 55 day ma, which lies at .9812 and there is potential for the 200 day ma at .9735″. “Dips will find minor support at .9735, .9642 ahead of .9524. Below .9524 remain the February high at .9470 and the mid- and late March lows at .9434/25. Further down the 78.6% Fibonacci retracement can be spotted at .9376″. 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 still neutral, points to extra consolidation – UOB FX Street 4 years In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could retreat further and test the 55-day SMA in the 0.9810 area. Key Quotes "USD/CHF has tested and reacted back from the .9956 78.6% retracement. This resistance is reinforced by the .9992 June high. We suspect that the market will pull back towards the 55 day ma, which lies at .9812 and there is potential for the 200 day ma at .9735". "Dips will find minor support at .9735, .9642 ahead of .9524. Below .9524 remain the February high at .9470 and the mid- and late… 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.
