Karen Jones, Head of FICC Technical Analysis at Commerzbank, assessed the recent price action in the pair. Key Quotes “USD/CHF last week eased back to the .9826 level before recovering. It is possible that this is the end of the correction lower and the market is ready to resume its up move. While below the 20 day ma at .9957 however we will remain downside corrective. Initial support lies at the .9725/38.2% retracement”. “Above the 20 day ma targets 1.0057 the recent high. This guards the 1.0093/1.0108 (April 2017 high and 78.6% retracement) and then 1.0343 – the 2016 high”. 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 Crypto market turns red as Hitbtc bans trading in Japan, BTC/USD clings to $7,600 handle FX Street 5 years Karen Jones, Head of FICC Technical Analysis at Commerzbank, assessed the recent price action in the pair. Key Quotes "USD/CHF last week eased back to the .9826 level before recovering. It is possible that this is the end of the correction lower and the market is ready to resume its up move. While below the 20 day ma at .9957 however we will remain downside corrective. Initial support lies at the .9725/38.2% retracement". "Above the 20 day ma targets 1.0057 the recent high. This guards the 1.0093/1.0108 (April 2017 high and 78.6% retracement) and then 1.0343 - the 2016 high". 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.
