After falling around 75 pips from 1.1365 to reach the intra-day low at 1.1290, USD/CHF has been rejected by this level to rise above the 1.1350. Currently the pair has recovered its initials losses and it's trading around 1.1355/65, 0.15% above today's opening price.
"Bearish pressure remains intact in the pair in bigger time frames, although 1.1240 is a strong static support zone, and must be cleared to see the pair falling in the term. Hourly charts remain also bearish, while under 1.1350 zone, with indicators not clear yet bearish, and price under the 20 SMA. Support levels: 1.1282 1.1240 1.1190. Resistance levels: 1.1350 1.1385 1.1400."
Popular Posts
-
The Yen rose against major currencies for second day in a row against European currencies. USD/JPY fell for third consecutive day. Today rea...
-
The U.S. dollar continued to gain today after the yesterday’s rather significant rally as the speculations that the world’s biggest economy ...
-
Australian Dollar has appreciated further on Tuesday’s European session, and the pair has risen from levels around 0.7400 to 0.7475; 7-month...
-
WASHINGTON -- A trio of reports Friday suggested the economy, while still sick, is healing a little. Consumer sentiment, for instance, got b...
-
The Gross Domestic Product (GDP) - The sum of goods and services produced by domestic or foreign companies. Industrial Production - A measu... -
The Euro has appreciated somewhat from 1.2450 low seen in early March to reach levels around 1.3300 on the first days of May, a trend which,...
-
Because we are dealing with real money accounts, you are required to verify your details and your email, through various needed step...
No comments:
Post a Comment