US Dollar gains momentum across the board during the American session. USD/CHF rises after falling more than one hundred pips in three trading days. The USD/CHF pair dropped earlier today to test the 0.9840 key support but it held on top and rebounded. Over the last hour, it gained momentum and rose to 0.9875, hitting a fresh daily high. The US Dollar is correcting against European currencies on Monday and the DXY is moving slowly away from monthly lows it reached last week. It is up 0.05% while equity prices in Wall Street post gains. Traders await news regarding Brexit with the UK Parliament on focus and remain modestly optimistic about progress in trade war. US bond yields are higher today with the 10-year near 1.80%, offering support to the Greenback. Levels to watch The pair is recovering in the short-term, making a potential double bottom at 0.9840, with a neckline around 0.9865. Currently trades at 0.9870, the target of the formation might be located at 0.9890. On the flip slide, a consolidation under 0.9840 seems needed in order to clear the way to more losses. The next strong support is seen at 0.9805. 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 Could Cable hit 1.40 before year-end? – ING FX Street 3 years US Dollar gains momentum across the board during the American session. USD/CHF rises after falling more than one hundred pips in three trading days. The USD/CHF pair dropped earlier today to test the 0.9840 key support but it held on top and rebounded. Over the last hour, it gained momentum and rose to 0.9875, hitting a fresh daily high. The US Dollar is correcting against European currencies on Monday and the DXY is moving slowly away from monthly lows it reached last week. It is up 0.05% while equity prices in Wall Street post gains. Traders… 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.
