“¢ Having failed to capitalize on the overnight goodish rebound, the pair faced rejection near 200-hour SMA on Thursday and tumbled to 3-1/2 week lows in the last hour. “¢ Today’s steep declined confirmed the previous session’s bearish break through a one-week-old trading range and turned out to be a key factor prompting fresh technical selling. USD/CHF 1-hourly chart “¢ The bearish momentum has been strong enough to drag the pair below 100-day SMA and 38.2% Fibonacci retracement level of the 0.9716-1.0100 recent upsurge. “¢ Oscillators on 4-hourly/daily charts have just started gaining negative momentum and point to an extension of the bearish trajectory towards testing the 0.9900 handle. Daily chart “¢ However, oversold conditions on the 1-hourly chart might turn out to be the only factor that might help limit deeper losses ahead of today’s release of advance US Q4 GDP print. Technical levels to watch Overview: Today Last Price: 0.9948 Today Daily change: -63 pips Today Daily change %: -0.63% Today Daily Open: 1.0011 Trends: Daily SMA20: 1.0015 Daily SMA50: 0.9939 Daily SMA100: 0.9958 Daily SMA200: 0.991 Levels: Previous Daily High: 1.0016 Previous Daily Low: 0.9962 Previous Weekly High: 1.0061 Previous Weekly Low: 0.9981 Previous Monthly High: 0.9996 Previous Monthly Low: 0.9716 Daily Fibonacci 38.2%: 0.9995 Daily Fibonacci 61.8%: 0.9983 Daily Pivot Point S1: 0.9977 Daily Pivot Point S2: 0.9942 Daily Pivot Point S3: 0.9923 Daily Pivot Point R1: 1.0031 Daily Pivot Point R2: 1.005 Daily Pivot Point R3: 1.0085 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 USD/INR drops below support as Pakistan announces release of Indian pilot FX Street 4 years "¢ Having failed to capitalize on the overnight goodish rebound, the pair faced rejection near 200-hour SMA on Thursday and tumbled to 3-1/2 week lows in the last hour. "¢ Today's steep declined confirmed the previous session's bearish break through a one-week-old trading range and turned out to be a key factor prompting fresh technical selling. USD/CHF 1-hourly chart "¢ The bearish momentum has been strong enough to drag the pair below 100-day SMA and 38.2% Fibonacci retracement level of the 0.9716-1.0100 recent upsurge. "¢ Oscillators on 4-hourly/daily charts have just started… 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.
