Daily Pivots: (S1) 0.8753; (P) 0.8797; (R1) 0.8823; More… Intraday bias in USD/CHF remains on the downside for the moment. Current fall from 0.9223 is in progress for 61.8% retracement of 0.8332 to 0.9223 at 0.8672 next. For now, risk will stay on the downside as long as 0.8874 resistance holds, in case of recovery. […]
Dec 16, 2024
USD/CHF Mid-Day Outlook
Daily Pivots: (S1) 0.8907; (P) 0.8927; (R1) 0.8947; More… Intraday bias in USD/CHF remains mildly on the upside at this point. Decisive break of 0.8956 resistance will confirm resumption of whole rally from 0.8374. Next target is 61.8% projection of 0.8374 to 0.8956 from 0.8735 at 0.9095. On the downside, below 0.8866 minor support will […]
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