USD/CHF fails to keep 0.8800, MACD loses recently gained bullish bias. Descending trend line from December 28, 200-HMA guard immediate upside. Sellers target the early 2014 lows on their way to 2015 bottom. USD/CHF drops to 0.8801, down 0.10% intraday, while heading into Tuesday’s European session. The quote bounced off the multi-month low the previous day but failed to cross 0.8819 during the corrective pullback. Not only the failures to stay past-0.8800 but weakening MACD signals join sustained trading below 200-HMA and a short-term resistance line also favor the USD/CHF sellers. As a result, the pair sellers can keep the recent low of 0.8784 as an immediate target on their radar. However, a falling trend line from December 30, at 0.8773 now, could restrict further weakness. It should, however, be noted that major bears are targeting the year 2014 bottom surrounding 0.8700 while also dreaming to visit the 2015 low of 0.8365. On the contrary, an immediate falling trend line near 0.8835 precedes the 200-HMA level of 0.8857 to challenge the USD/CHF buyers even if they manage to keep the 0.8800 threshold. Overall, the bears are less likely to relinquish controls unless witnessing an upside break beyond November’s low of 0.8982. USD/CHF hourly chart Trend: Bearish 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 Gold Price Analysis: XAU/USD remains capped by $1947 ahead of Georgia race – Confluence Detector FX Street 1 year USD/CHF fails to keep 0.8800, MACD loses recently gained bullish bias. Descending trend line from December 28, 200-HMA guard immediate upside. Sellers target the early 2014 lows on their way to 2015 bottom. USD/CHF drops to 0.8801, down 0.10% intraday, while heading into Tuesday’s European session. The quote bounced off the multi-month low the previous day but failed to cross 0.8819 during the corrective pullback. Not only the failures to stay past-0.8800 but weakening MACD signals join sustained trading below 200-HMA and a short-term resistance line also favor the USD/CHF sellers. As a result, the pair sellers can keep the… 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.