Chart of The Day $USDCHF 2-16-2017

On the USDCHF daily chart, we can see that the pair touched the 50% Fibonacci retracement of the Dec’16-Feb’17 swing down 1.0100 level. The daily close above this level is needed for the upside continuation. A daily close below 1.000 could lead to a retest of 200 SMA 0.9000 level.

Happy trading! (click on the chart to enlarge it)


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