FXstreet.com (Barcelona) - USD/CHF has been bounced at 1.0825 again in the American session and it has been launched above the 1.0850 to levels close to 1.0890. The pair is falling 0.50% so far today from 1.0935 to the current 1.0875/85.
Valeria Bednarik, FXstreet.com collaborator, comments: "Double floor in the hourly around 1.0820 where we also have 200 EMA, would be confirmed above 1.0870 neck line and static resistance level. Hourly indicators favor an upside continuation while price is moving under 20 SMA at 1.0900 that could hold the upside in the next hours. Clear break above will confirm a stronger continuation for the next session. Support levels: 1.0840 1.0810 1.0770. Resistance levels: 1.0880 1.0920 1.0955."
Valeria Bednarik, FXstreet.com collaborator, comments: "Double floor in the hourly around 1.0820 where we also have 200 EMA, would be confirmed above 1.0870 neck line and static resistance level. Hourly indicators favor an upside continuation while price is moving under 20 SMA at 1.0900 that could hold the upside in the next hours. Clear break above will confirm a stronger continuation for the next session. Support levels: 1.0840 1.0810 1.0770. Resistance levels: 1.0880 1.0920 1.0955."
