Risk-off favors the Swiss Franc (CHF) strength. Two-month-old horizontal-area can question sellers. Given the latest risk aversion helping Swiss Franc (CHF) over the US Dollar (USD), the pair is currently trading near 1.0140 ahead of the European open on Friday. A horizontal-region near 1.0125/20 connecting early-March highs to lows marked since mid-April seems to be in the immediate attention of the sellers. Should there be additional downside past-1.0120, an ascending trend-line stretched since March 20 could be of importance to observe around 1.0080 as it holds the gate to the pair’s slump to 1.0045 and 1.0000. On the upside, 23.6% Fibonacci retracement of March to April rise at 1.0165 could offer immediate resistance, a break of which can trigger the pair’s recovery 1.0210. During the quote’s rise above 1.0210, April high near 1.0240 and 61.8% FE level of moves since April 12, at 1.0270 now, may please the bulls. USD/CHF 4-Hour 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 FX option expiries for May 10 NY cut FX Street 3 years Risk-off favors the Swiss Franc (CHF) strength. Two-month-old horizontal-area can question sellers. Given the latest risk aversion helping Swiss Franc (CHF) over the US Dollar (USD), the pair is currently trading near 1.0140 ahead of the European open on Friday. A horizontal-region near 1.0125/20 connecting early-March highs to lows marked since mid-April seems to be in the immediate attention of the sellers. Should there be additional downside past-1.0120, an ascending trend-line stretched since March 20 could be of importance to observe around 1.0080 as it holds the gate to the pair's slump to 1.0045 and 1.0000. On the upside, 23.6%… 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.
