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Bearish: USD/CHF is currently at 0.9422 in a channel in a range. If we can break the support here, we are looking for a continuation to the ATR target at 0.9352 with a further target the range bottom at the 0.9300 area.
We have convergence on the hourly. The target up is 0.9490 if it reverses. Watch the USDX for any change in direction. The ATR for the pair currently is 104 pips per day, and its 180-day average is 98 pips per day. USDX is currently down.
The U.S. dollar bounced sharply on Friday, reversing weekly losses against the euro as a stunning nonfarm payrolls report boosted expectations the Fed would stick to its hawkish...
The EUR/USD bears got follow-through yesterday in the form of a bear bar closing on its low. This morning is a follow-through after yesterday’s bear reversal bar, and the market...
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