USD/CHF recovers from 0.9652 following a bullish candlestick formation. 200-bar EMA, 61.8% Fibonacci retracement can check the pullback moves. Sustained break of 23.6% Fibonacci retracement will negate upside momentum. USD/CHF portrays gradual recovery from the intraday low while taking the bids near 0.9670, up 0.13% on a day, during the pre-European session on Wednesday. Considering the bullish Doji formation on the four-hour (H4) chart, odds of further upside towards a 200-bar EMA level of 0.9700 are high. Should buyers manage to keep the reins past-0.9700, 61.8% Fibonacci retracement of April 24 to May 01 fall, around 0.9720, followed by a three-week-old falling trend line, near 0.9740, could question the bulls. Alternatively, the pair’s declines below 0.9640, comprising 23.6% of Fibonacci retracement, could recall the bears targeting the monthly low near 0.9590. USD/CHF four-hour chart Trend: Further recovery expected 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 NZD/USD: Further gains lie ahead if 0.6230 is cleared – UOB FX Street 3 years USD/CHF recovers from 0.9652 following a bullish candlestick formation. 200-bar EMA, 61.8% Fibonacci retracement can check the pullback moves. Sustained break of 23.6% Fibonacci retracement will negate upside momentum. USD/CHF portrays gradual recovery from the intraday low while taking the bids near 0.9670, up 0.13% on a day, during the pre-European session on Wednesday. Considering the bullish Doji formation on the four-hour (H4) chart, odds of further upside towards a 200-bar EMA level of 0.9700 are high. Should buyers manage to keep the reins past-0.9700, 61.8% Fibonacci retracement of April 24 to May 01 fall, around 0.9720, followed by a… 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.
