Participant

The rate is going down again after testing the 50% line (dotted line), the US dollar is bearish lately and the downward movement is expected to continue next week, maybe the price will take out the support. Has found a resistance at the 50% Fibonacci line (descending dotted line) and now is going down inside of a descending channel. The Swish National Bank has released the interest rate yesterday, there are no changes and the rate remains -0,75%. The SNB leaves the monetary policy unchanged. We have an important support area between 0.907 and 0.901, we’ll have to wait to see how will influence the price movement when will be reached.

chf

You must be logged in to reply to this topic.