USD/CHF fizzles upside momentum while easing from intraday high of 0.9293. 100-day EMA, a falling trend line from June 11 probe buyers. Sellers may look for entries below August high. USD/CHF eases from the day’s high to 0.9289 during early Monday. Sustained trading beyond August month’s peak portrays the pair’s ability to challenge a confluence of 100-day EMA and a 15-week-old resistance line. However, overbought RSI conditions question the bulls’ ability to extend the six-day winning-streak any longer than 0.9305. It should additionally be noted that the USD/CHF buyers may have to cross the early July month’s low near 0.9365 and June month’s bottom of 0.9376 to mark their strength. In doing so, the July high of 0.9467 will be in the spotlight before the key Fibonacci retracements of March-August downside. Meanwhile, sellers may ways for entries unless the quote drops below the August month’s top surrounding 0.9240. The September 08 high of 0.9200 and the monthly low close to 0.9050 are extra strong supports for USD/CHF sellers to watch past-0.9240. USD/CHF daily chart Trend: Pullback 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 China’s economic recovery lost steam in September – Bloomberg FX Street 2 years USD/CHF fizzles upside momentum while easing from intraday high of 0.9293. 100-day EMA, a falling trend line from June 11 probe buyers. Sellers may look for entries below August high. USD/CHF eases from the day’s high to 0.9289 during early Monday. Sustained trading beyond August month’s peak portrays the pair’s ability to challenge a confluence of 100-day EMA and a 15-week-old resistance line. However, overbought RSI conditions question the bulls’ ability to extend the six-day winning-streak any longer than 0.9305. It should additionally be noted that the USD/CHF buyers may have to cross the early July month’s low near 0.9365… 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.
