USDCHF broke below 1.1017. Further fall towards 1.0890 previous low is still possible next week, a break below this level will signal the resumption of the long term down trend. Near term resistance is at 1.1189 level.
USDCHF might be forming a cycle bottom at 1.1017 on daily chart. Further rebound towards 1.1595 is still possible. Near term support is at 1.1017, as long as this support holds, we’d expect rebound to continue.
USDCHF formed a cycle top at 1.1595 on daily chart, and the fall from 1.1595 extended to as low as 1.1017. Further pullback towards 1.0890 previous low to reach the next cycle bottom is still possible. Near...
