USD/CHF technical analysis: Bull in control above 21-day EMA, short-term rising support-line

Summary:
USD/CHF remains modestly changed above 13-day-old rising trend-line, 21-day EMA. An ascending trend-line from August 13 adds to the support. August month top, 61.8% Fibonacci retracement level challenge buyers. The USD/CHF pair’s failure to provide a decisive break above August high seems to not disappoint buyers, even for short-term, unless the quote trades below key support-confluence. Prices seesaw around 0.9910 while heading into the European open on Monday. The 0.9892/0.9900 area including 21-day exponential moving average (EMA) and a rising trend-line since September 04 acts as near-term key support to watch as the break of which could drag prices to 38.2% Fibonacci retracement of April-August declines, at 0.9880. Pair’s south-run below 0.9880 can avail

Topics:
Anil Panchal considers the following as important: 4) FX Trends, 4.) FXStreet on SNB CHF, Featured, newsletter, USD/CHF

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