USDCHF improving from near 3 years lows
2/19/2018 11:17:07 AM
According to forex market activities, the USDCHF pair was seen improving near 25-month lows, with bulls now watching a move away from the 0.9305 handle.
Momentum beyond the 0.9305 handle is probable to get expanded near 0.9318-27 horizontal persistence, above which a new bout of short-covering could boost the pair towards regaining the 0.9405 round figure mark.
On the other hand, 0.9263 level now becomes an instant support to preserve, which if broken is probable to speed up the reduction back towards 0.9222 level on the way several month lows support near the 0.9203-0.9195 area.
FOREX market analysis by FxErvin.