“¢ The post-FOMC slide stalled near 100-hour SMA, with bulls regaining control on Thursday and lifting the pair sharply higher beyond the 0.9700 handle. “¢ The up-move marked a convincing breakthrough a two-week-old descending trend-line hurdle and thus, increases prospects for additional gains. “¢ Move back above 200-day SMA adds credence to the constructive outlook, albeit overbought conditions on the 1-hourly chart warrant some consolidation. “¢ Moreover, the bullish momentum needs to take out another ascending trend-line hurdle before traders start positioning for any further near-term up-move. USD/CHF 1-hourly chart Spot Rate: 0.9742 Daily Low: 0.9646 Trend: A possible bullish consolidation Resistance R1: 0.9767 (monthly high set on Sept. 4) R2: 0.9800 (round figure mark) R3: 0.9830 (horizontal zone) Support S1: 0.9700 (previous resistance break-point) S2: 0.9670 (horizontal zone) S3: 0.9646 (current day 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 USD/JPY Technical Analysis: USD/JPY bulls advancing and testing July highs at 113.18 resistance FX Street 4 years "¢ The post-FOMC slide stalled near 100-hour SMA, with bulls regaining control on Thursday and lifting the pair sharply higher beyond the 0.9700 handle. "¢ The up-move marked a convincing breakthrough a two-week-old descending trend-line hurdle and thus, increases prospects for additional gains. "¢ Move back above 200-day SMA adds credence to the constructive outlook, albeit overbought conditions on the 1-hourly chart warrant some consolidation. "¢ Moreover, the bullish momentum needs to take out another ascending trend-line hurdle before traders start positioning for any further near-term up-move. USD/CHF 1-hourly chart… 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.
