The US dollar fell on Friday as we continue to plunge to the bottom of what has been a major uptrending channel against the Swiss franc.
Enter your emailKeep in mind that this pair does not tend to move rapidly, so this is more of a grind just waiting to happen.
The US dollar fell on Friday as we continue to plunge to the bottom of what has been a major uptrendingThat being said, it looks like we have further to go to the downside, and we have heard very little about concerns coming out of the Swiss National Bank lately complaining about strength in the currency.
Keep in mind that this pair does not tend to move rapidly, so this is more of a grind just waiting to happen.should offer a bit of resistance, extensively the 0.9150 region. The area also has the 200 day EMA sitting just above, so that in and of itself will offer a little bit of resistance. The 50 day EMA is starting to sink lower and threatening to cross below the 200 day EMA in order to form the “death cross.
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