USD/CHF Morning Technical Report 8/3/2016
ecPulse
2016-03-08 10:11AM UTC
New long upper shadow has been formed yesterday after failure to clear 1.0000 psychological once again.
Currently, the pair is moving below SMA20, while RSI and ADX are turning negative.
Henceforth, we believe that, the pair will show bearish actions, attempting to clear 0.9900 levels on the way to test the next Fibonacci support at 0.9800.
Coming below 0.9900 will affirm and accelerate the bearish waves.
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