“¢ The pair struggled to build on last week’s move beyond a bullish flag and now seems to have formed a double top pattern on the 4-hourly chart. “¢ A follow-through weakness below a previous strong hurdle now turned support, marked by 200-period SMA on the said chart would add credence to the bearish formation. “¢ Short-term technical indicators have started drifting into negative territory and further reinforce prospects for an additional near-term downfall. USD/CHF 4-hourly chart Spot Rate: 0.9896 Daily High: 0.9925 Trend: Turning bearish Resistance R1: 0.9925 (current day swing high) R2: 0.9971 (R1 daily pivot-point) R3: 1.0000 (psychological round figure mark) Support S1: 0.9890 (50-day SMA) S2: 0.9865 (horizontal level) S3: 0.9826 (last Thursday’s swing low) 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 EOS price analysis: EOS/USD engages reverse gear, tanks a whopping 10% on the day FX Street 3 years "¢ The pair struggled to build on last week's move beyond a bullish flag and now seems to have formed a double top pattern on the 4-hourly chart. "¢ A follow-through weakness below a previous strong hurdle now turned support, marked by 200-period SMA on the said chart would add credence to the bearish formation. "¢ Short-term technical indicators have started drifting into negative territory and further reinforce prospects for an additional near-term downfall. USD/CHF 4-hourly chart Spot Rate: 0.9896 Daily High: 0.9925 Trend: Turning bearish Resistance R1: 0.9925 (current day swing… 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.
