“¢ The pair built on its recent strong bullish trajectory from 200-day EMA and surged to the 1.0200 mark – the highest since Jan. 2017 during the mid-European session on Tuesday. “¢ A sustained move beyond an ascending trend-line resistance, extending from Nov. 2017 swing highs, was seen as a key trigger for bullish traders and fueling the ongoing momentum. “¢ Meanwhile, technical indicators on hourly/daily charts are already pointing to overbought conditions and might turn out to be the only factor keeping a lid on any follow-through up-move. “¢ Hence, it would be prudent to wait for a brief consolidation/a modest pullback from higher levels before positioning for any further positive momentum towards reclaiming the 1.0300 handle. 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 USD/JPY returns to 112 comfort zone after failed attempt to break lower FX Street 4 years "¢ The pair built on its recent strong bullish trajectory from 200-day EMA and surged to the 1.0200 mark - the highest since Jan. 2017 during the mid-European session on Tuesday. "¢ A sustained move beyond an ascending trend-line resistance, extending from Nov. 2017 swing highs, was seen as a key trigger for bullish traders and fueling the ongoing momentum. "¢ Meanwhile, technical indicators on hourly/daily charts are already pointing to overbought conditions and might turn out to be the only factor keeping a lid on any follow-through up-move. "¢ Hence, it… 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.
