Technical analysis of USD/CHF for August 11, 2017 888011000 110888 USD/CHF is under pressure and expected to trade in lower range. The pair retreated from 0.9670( the high of August 10). The 20-period moving typical crossed listed below the 50-period one . To summarize, as long as 0.9670 is not surpassed, an additional drop to 0.9605 and even to 0.9565 appears more likely to occur. Chart Explanation: The black line shows the pivot point. The present cost above the pivot point shows the bullish position; and the cost below the pivot points shows the brief position. The red lines show the assistance levels andthe green line shows the resistance levels. These levels can be used to enter and leave trades.Strategy: SELL, Stop Loss: 0.9670, Take Revenue: 0.9585 Resistance levels: 0.9705, 0.9735, and 0.9770 Assistance levels: 0.9585, 0.9565, and 0.9525 The material has been provided by InstaForex

By | August 11, 2017

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