Forex: USD/CHF Technical Analysis – Treading Water Near 0.91
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Talking Points
Prices declined as expected after showing a bearish Dark Cloud Cover candle pattern
Support is now at 0.9081 (61.8% Fib); push beneath that exposes 0.8993 (76.4% Fib)
Resistance is in the 0.9152-73 area (trend line, 50% Fib); break higher eyes 0.9224 (38.2% Fib)
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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