Crypto Technicals: ETH/USD retreats from 6-week highs at 217.49, close below 200-DMA to see further weakness
FxWirePro: EUR/KRW moves in stiff boundaries, consistent close above 1,316 requires for upside rally
FxWirePro: Buy USDCHF above 1.00210
USDCHF has halted its 5 day of loosing streak and shown a minor jump of nearly 40 pips from low of 0.99821 It has formed almost a double bottom around 0.99800. It is currently trading around 1.00162.
The pair has recovered till 1.00208 and is consolidating around that level. Any convincing break above 1.00210 (300- H EMA) confirms intraday bullishness and a jump till 1.0050/1.0100 is possible.Any break above 1.01285 confirms that it has formed bottom around 0.97160.
The near term weakness can be seen only below 0.9980 and any violation below targets 0.9950/0.9900. Minor bearishness below 0.9900 level.
It is good to buy above 1.00210 with SL around 0.9990 for the TP of 1.0060/1.0080.