USD/CHF: Bearish momentum persist |
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Divergences coming from momentum indicator clear since past two days are coming into play. Pair remains bearish and approaching to key support area 1.0680/90. Break under this level, should quickly send the pair to test the 1.0640 area, 200 EMA in this 4 hours charts, ahead of next support area, around 1.0600. Upside seem limited at this point, by the 1.0730 zone. Only clear acceleration above it, could send the pair back to test the 1.0770 strong area.
Filed under: Technical
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