(0,9123) The USD/CHF confirmed a weak closing plunging below 0,9130 key level. Further weakness is expected suggesting a firm test of the 0,9020 level: a break also below this level confirmed by a daily closing will open the way for an important drop toward 0,8500/ 0,8300!! The indicators of the daily chart are well negative as well as those of the s/t ones where we have also well oversold conditions. The European market is opening with a 100 pips gap down that it will try to close. We expect however good resistance already at 0,9170 before the 0,9220 area! We buy a possible 0,9070 undershooting if the dollar will directly extend its decline!!
Read the full report: USDCHF 09.19
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