Every day Pivots: (S1) 0.9130; (P) 0.9163; (R1) 0.9215; Extra….
Intraday bias in USD/CHF stays impartial for the second as consolidation from 0.9224 is extending. Deeper retreat can’t be dominated out. However close to time period outlook will keep bullish so long as 0.9019 help holds. On the upside, break of 0.9224 will resume the rally from 0.8551 to 0.9439 resistance subsequent.
Within the greater image, present growth signifies that rise from 0.8551 is reversing complete down pattern from 1.0146. Additional rally would then be seen to 61.8% retracement at 0.9537 and above. For now, this would be the favored case so long as 55 D EMA (now at 0.8942) holds, even in case of deep pullback.
