Forex: USD/CHF falls strongly to trade below 1.0800
FXstreet.com (Barcelona) - After trading in a small range between 1.0830 and 1.0850 during the European session, the Greenback has fallen under pressure against the Swissy, dropping around 100 pips from 1.0853, break 1.0830 support, trade below 1.0800 and test 1.0755 as fresh 1-week low. Currently the pair is trading around 1.0760/70, 0.80% below today's opening price.
Valeria Bednarik, FXstreet.com collaborator, comments: "Sentiment is also sending the pair lower, quoting now around a strong support zone. Confirmations under 1.0760 could trigger some selling in the pair, thus limited as indicators in the hourly approach to over sold conditions.
Bendarik provides us with her levels: "Support levels: 1.0760 1.0720 1.0960. Resistance levels: 1.0800 1.0840 1.0880."
The Currency at Glance Trend index is pointing Strongly Bearish, with a OB/OS index showing Oversold.
For more information, read our latest forex news.
|
Google
Facebook
Live
del.icio.us
MySpace
Digg
Email to a friend
Comments (0 posted):
Post your comment