“¢ The post-FOMC slump to over two-month lows on Wednesday confirmed a near-term bearish break through a confluence region – 100-day SMA and 38.2% Fibo. level of the 0.9716-1.0124 up-move. “¢ Bears, however, took some breather near another confluence support – 50% Fibo. level and 200-day SMA, amid highly oversold conditions on hourly charts and ahead of the latest SNB decision. “¢ Meanwhile, oscillators on the daily chart have just started gaining negative momentum and are still far from being in the oversold territory, suggesting an extension of the near-term bearish trajectory. “¢ Hence, any meaningful recovery seems more likely to confront some fresh supply near the overnight support breakpoint, around the 0.9970 region, and should remain capped below the parity mark. 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 NZ: Q4 GDP undershooting RBNZ expectations – TDS FX Street 4 years "¢ The post-FOMC slump to over two-month lows on Wednesday confirmed a near-term bearish break through a confluence region - 100-day SMA and 38.2% Fibo. level of the 0.9716-1.0124 up-move. "¢ Bears, however, took some breather near another confluence support - 50% Fibo. level and 200-day SMA, amid highly oversold conditions on hourly charts and ahead of the latest SNB decision. "¢ Meanwhile, oscillators on the daily chart have just started gaining negative momentum and are still far from being in the oversold territory, suggesting an extension of the near-term bearish trajectory. … 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.
