Karen Jones, Head of FICC Technical Analysis at Commerzbank, noted the relevance of the 0.9789 level. Key Quotes “USD/CHF continues to recover from just ahead of the 61.8% Fibonacci retracement at .9524 and is seeing a small rebound from here. There is scope for this to extend towards the .9760 area, but while capped by the .9789 June low this will make no impact whatsoever on the chart”. “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″. “The market stays directly offered below .9789. Near term rallies will need to regain the .9856 28th June low in order to alleviate the downside bias which now prevails”. 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 Ripple price analysis: XRP/USD uptrend cut short but strongly supported at $0.49 FX Street 4 years Karen Jones, Head of FICC Technical Analysis at Commerzbank, noted the relevance of the 0.9789 level. Key Quotes "USD/CHF continues to recover from just ahead of the 61.8% Fibonacci retracement at .9524 and is seeing a small rebound from here. There is scope for this to extend towards the .9760 area, but while capped by the .9789 June low this will make no impact whatsoever on the chart". "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". "The market stays directly… 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.
