USD/CHF Analysis

Market news

9 January 2018

USD/CHF Analysis

As we can see on 4-hour time frame chart, the price has been correcting its last bearish movement on the last few days.

However, it can be interesting to see how the price will reacts close to the downside trend line and the Fibonacci levels (78.6%) which can slow down the bullish movement in order to start a new bearish movement.

European stocks closed: FTSE 100 +34.51 7731.02 +0.45% DAX +17.81 13385.59 +0.13% CAC 40 +36.52 5523.94 +0.67%

Fed's Kashkari says right now the main concern is inflation is going to continue to be too low

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