Daily Pivots: (S1) 0.9480; (P) 0.9522; (R1) 0.9549; More…. EUR/CHF’s fall from 0.9928 resumed by breaking through 0.9476 support. Intraday bias is now on the downside. Further decline should be seen to 100% projection of 0.9928 to 0.94767 from 0.9772 at 0.9320. On the upside, break of 0.9605 resistance is needed to confirm short term […]
The post EUR/CHF Daily Outlook appeared first on Action Forex.
Fed Chair Jerome Powell conveyed in a speech overnight that the central bank sees no immediate need to reduce interest rates quickly. He added that with an “appropriate recalibration” of monetary policy, Fed believes it Read more…
USD/CHF is facing resistance at the 0.8900 handle after breaking above the 200-day MA. The US Dollar Index (DXY) is also at multi-month resistance, raising questions about a potential pullback. The Swiss Franc’s recent weakness Read more…
GBPUSD reversed from strong support level 1.2665 Likely to rise to resistance level 1.2840 GBPUSD currency pair recently reversed up from the strong support level 1.2665 (former monthly low from August), standing close to the Read more…