USD/CHF Weekly report 8/2/2016
ecPulse
2016-02-08 11:53AM UTC
The pair has reached our technical target defined last week at 0.9915 where it met 23.6% Fibonacci to start some kind of consolidation.
Stability below moving averages and below 38.2% Fibonacci should provide bearish pressures; however, we will be patient until the pair clears the afore-mentioned support to follow through.
All eyes should be also on 0.9993 where 38.2% Fibonacci exists, as breaching it may bring further upside correction.
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