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Forex Technical Update

Discussion in 'Technical Analysis' started by ActionForex.com, May 14, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    USD/CHF surged by 138 pips in yesterdays session to touch a high 1.0556 before closing at 1.0527. There is critical resistance at 1.0570 levels (100 daily EMA and 61.8% retracement of the fall from 1.1106 to 0.9638) and only a break of this will indicate further bullishness in the pair....

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