USD/CHF Technical Analysis: 38.2 percent Fibonacci, 200-DMA doubt pullback from monthly low

Summary:
USD/CHF recovers from four weeks’ low. 50% Fibonacci retracement level, October bottom restrict further downside. 200-DMA breakout will again highlight 1.0000 psychological magnet. USD/CHF seesaws around 0.9873 while heading into the European session on Wednesday. The quote dropped to the lowest since early November on Tuesday but pulls back off-late. The pair’s refrain to drop further below the latest bottom seems to prepare for a confrontation to 38.2% Fibonacci retracement of August-October rise, near 0.9890. Though, 200-Day Simple Moving Average (DMA), at 0.9920 now, seems to restrict the quote’s advances afterward. If at all bulls manage to cross 200-DMA, 0.9980 and 1.0000 could regain market attention. On the downside, 50% Fibonacci retracement and October

Topics:
Anil Panchal considers the following as important: 1) SNB and CHF, 1.) FXStreet on SNB&CHF, Featured, newsletter, USD/CHF

This could be interesting, too:

Mark Thornton writes The Great Chocolate Crisis of 2024

Mustafa Ekin Turan writes How EU Law Has Made the Internet Less Free for Everyone Else

Thomas J. DiLorenzo writes Attention mises.org Readers! Treat the Students in Your Life to The Best Week of Their Year

Octavio Bermudez writes Mises in Argentina: Lessons of the Past for Today