USD/CHF remains on the backfoot with the latest declines taking place from 0.9105. A falling trend line from September 2018, oversold RSI conditions question the sellers. Bulls will wait for a clear break above 0.9200. USD/CHF stays depressed at 0.9097 ahead of the European session on Friday. The pair dropped during the previous two days while defying the oversold RSI conditions on the weekly chart, needless to mention about the previous week’s Doji candlestick. Even if the sellers are on the driver’s seat, a multi-week falling trend line near 0.9075, followed by the monthly low around 0.9050, will question the pair’s further downside. Additionally, the 0.9000 threshold adds to the list of the supports that hold the key to the south-run targeting July 2014 low near 0.8850. If at all the pair stays beyond 0.9050 on a weekly basis, buyers may think of an entry targeting 0.9200. However, a strong upside signal can only be gained if the pair manages to stay beyond the same. USD/CHF weekly 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 BitGo CEO urges people to invest at least 3% in Bitcoin FX Street 2 years USD/CHF remains on the backfoot with the latest declines taking place from 0.9105. A falling trend line from September 2018, oversold RSI conditions question the sellers. Bulls will wait for a clear break above 0.9200. USD/CHF stays depressed at 0.9097 ahead of the European session on Friday. The pair dropped during the previous two days while defying the oversold RSI conditions on the weekly chart, needless to mention about the previous week’s Doji candlestick. Even if the sellers are on the driver’s seat, a multi-week falling trend line near 0.9075, followed by the monthly low around 0.9050, will question 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.
