In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, USD/CHF could now extend the up move and visit the 1.0044 level. Key Quotes “USD/CHF remains on course for further strength to the 1.0040 78.6% retracement which is the last defence for the 1.0128 November high. It is interesting to note that the intraday Elliott wave counts are suggesting near term failure, some caution is warranted. The market is bid above the 200 day ma at .9908. initial support is the top of the cloud at .9959″. “The November 2018 high at 1.0128 is the break point for the 1.0343 December 2016 peak”. 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 GBP/USD scope for a drop to 1.2820 – UOB FX Street 4 years In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, USD/CHF could now extend the up move and visit the 1.0044 level. Key Quotes "USD/CHF remains on course for further strength to the 1.0040 78.6% retracement which is the last defence for the 1.0128 November high. It is interesting to note that the intraday Elliott wave counts are suggesting near term failure, some caution is warranted. The market is bid above the 200 day ma at .9908. initial support is the top of the cloud at .9959". "The November 2018 high at 1.0128 is the break point for… 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.
