In light of the recent price action, the pair now looks vulnerable on the downside, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “USD/CHF last week reversed from just below the psychological 1.0000 level and has eased lower. The market actually charted a key day reversal. It is eroding the 55 day moving average and uptrend at .9880 and is looking more vulnerable on the downside. We would allow for a slide back to the recent low at .9789 and the 200 day ma at .9731.. Failure at 9730/24 (38.2% retracement + 200 day ma) will target the .9535 10th April low and below here will trigger losses to .9425, the 14th March low”. “Above 1.0000 targets 1.0057, the recent high. This guards the 1.0093/1.0108 (April 2017 high and 78.6% retracement) and then 1.0343, the 2016 high”. 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 US: Q2 economic activity indicators in focus this week – NBF FX Street 3 years In light of the recent price action, the pair now looks vulnerable on the downside, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes "USD/CHF last week reversed from just below the psychological 1.0000 level and has eased lower. The market actually charted a key day reversal. It is eroding the 55 day moving average and uptrend at .9880 and is looking more vulnerable on the downside. We would allow for a slide back to the recent low at .9789 and the 200 day ma at .9731.. Failure at 9730/24 (38.2% retracement + 200 day ma) will… Top 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.
