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USD/CHF targets lower levels

USD/CHF targets lower levels

Information is not investment advice

USD/CHF continues its December descent. The pair’s attempt to return above the 0.9845 area (September and October lows, 50% Fibonacci retracement of the August-October advance, 200-week MA) has failed. The pair may have shifted to a lower range. The closest target on the downside lies around 0.9800 (61.8% Fibo). If the United States and China fail to find common ground in trade talks and new tariffs kick in, the decline to 0.9740 (78.6% Fibo) will be very likely.

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Levels to trade EUR/USD

The price action in EUR/USD has been quite unfavorable for the euro. On The W1, the 50-week MA limited the pair’s advance.

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