USD/CHF reverses Friday’s gains, stays offered below 0.9115. Three-day-old symmetrical triangle restricts the pair’s immediate moves. Bears may have to relinquish control considering the nearness to a multi-month low. USD/CHF drops to 0.9097, down 0.20% on a day, during the pre-European session on Monday. In doing so, the Swiss major takes offer inside a short-term triangle established since last Wednesday. With the latest pullback from the triangle’s resistance, sellers are targeting the 0.9085 support confluence including the lower line of the technical pattern and 23.6% Fibonacci retracement level of September 08-10 downside. However, the September 10 bottom and the monthly low, respectively around 0.9050 and 0.9000, will question the pair sellers afterward. Alternatively, buyers will look for fresh entries beyond the triangle’s resistance, at 0.9115 now, which in turn could question 61.8% Fibonacci retracement level of 0.9142. Given the USD/CHF bulls’ dominance past-0.9142, the monthly high near 0.9205 will be in the spotlight. USD/CHF hourly chart Trend: SIdeways 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 Turkey to see a shallower recession, rate hikes on the cards – Goldman Sachs FX Street 1 year USD/CHF reverses Friday’s gains, stays offered below 0.9115. Three-day-old symmetrical triangle restricts the pair’s immediate moves. Bears may have to relinquish control considering the nearness to a multi-month low. USD/CHF drops to 0.9097, down 0.20% on a day, during the pre-European session on Monday. In doing so, the Swiss major takes offer inside a short-term triangle established since last Wednesday. With the latest pullback from the triangle’s resistance, sellers are targeting the 0.9085 support confluence including the lower line of the technical pattern and 23.6% Fibonacci retracement level of September 08-10 downside. However, the September 10 bottom and the monthly… Top 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.
