USD/CHF stays on the back foot after breaking one-week-old support line. RSI conditions challenge further selling, bulls will refrain from entry unless breaking 200-HMA. Monthly low and 0.9000 psychological magnet add filter to the pair’s further downside. USD/CHF struggles to keep the bounce off 0.9100 while taking rounds to 0.9110 during the pre-European session on Thursday. The pair slipped below an ascending trend line from August 06 but failed to provide a decisive break below 0.9100 amid nearly oversold RSI conditions. As a result, the bears holding the reins but wait for a sustained break below 0.9100 before targeting the monthly low near 0.9050 and the 0.9000 threshold. It should be noted that 0.9080, 0.9060 and 0.9030 are extra filters during the pair’s declines from 0.9100 to 0.9000. On the upside, the support-turned-resistance line near 0.9125 and 200-HMA level of 0.9136 could restrict the pair’s short-term advances. Additionally, 61.8% Fibonacci retracement of August 03-05 declines, near 0.9170, precedes the weekly top around 0.9200 to increase hardships for buyers. 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 Bitcoiners set up a relief fund to help the victims of the Beirut blast FX Street 2 years USD/CHF stays on the back foot after breaking one-week-old support line. RSI conditions challenge further selling, bulls will refrain from entry unless breaking 200-HMA. Monthly low and 0.9000 psychological magnet add filter to the pair’s further downside. USD/CHF struggles to keep the bounce off 0.9100 while taking rounds to 0.9110 during the pre-European session on Thursday. The pair slipped below an ascending trend line from August 06 but failed to provide a decisive break below 0.9100 amid nearly oversold RSI conditions. As a result, the bears holding the reins but wait for a sustained break below 0.9100 before targeting 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.
