DailyBubble News
DailyBubble News

USD/CHF Non-Confirmation with Euro on the Push Higher

DailyFX.com reported that the USD/CHF currency pair showed non-confirmation with the Euro on its push higher. Analyst Jamie Saettele, CMT, mentioned that if USD/CHF reaches 1.0200 before forming a top, a turn higher could be expected. The Swiss Franc has indeed turned up, focusing attention on the mentioned zone. It’s worth noting that USD/CHF has historically topped on 3/11 and 3/10 in the last two years, raising speculation on a potential repeat this year. The short term pivot is at .9964, with EUR/USD failing to confirm the upward move in USD/CHF, signaling caution as non-confirmation often precedes a turn in the market. DailyFX specializes in providing forex news and technical analysis to help traders navigate the global currency markets. Trading guides and forecasts are also available to assist individuals in learning forex trading through practice accounts and trading charts from IG.

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