Finds some support near 50% Fibo. level, albeit lacked strong follow-through. The near-term set-up points to further decline towards testing the 0.9800 mark. The USD/CHF pair struggled to register any meaningful recovery and remained well within the striking distance of over one-month lows, around the 0.9850-40 area. The mentioned region coincides with the 50% Fibonacci level of the 0.9659-1.0028 recent move up and should now act as a key pivotal point for the pair’s near-term trajectory. Given the pair’s repeated failures near the parity mark and a subsequent break below a two-month-old ascending trend-line, the set-up seems tilted in favour of bearish traders. Meanwhile, technical indicators on the daily chart have been gaining bearish momentum and are still far from being in the oversold territory, reinforcing the negative outlook. Hence, a follow-through slide, possibly towards testing 61.8% Fibo. level support near the 0.9800 handle, now looks a distinct possibility amid persistent USD selling bias. The 0.9890-95 region (38.2% Fibo. level) now seems to act as an immediate resistance, above which the pair could climb back towards the 0.9940-45 confluence support breakpoint. USD/CHF daily chart 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 UK’s Barclay: Risk of a no-deal Brexit remains FX Street 3 years Finds some support near 50% Fibo. level, albeit lacked strong follow-through. The near-term set-up points to further decline towards testing the 0.9800 mark. The USD/CHF pair struggled to register any meaningful recovery and remained well within the striking distance of over one-month lows, around the 0.9850-40 area. The mentioned region coincides with the 50% Fibonacci level of the 0.9659-1.0028 recent move up and should now act as a key pivotal point for the pair's near-term trajectory. Given the pair's repeated failures near the parity mark and a subsequent break below a two-month-old ascending trend-line, the set-up seems tilted… 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.
