USDCHF stays below a cluster of resistance keeping sellers in control ...Middle East

The USDCHF corrected higher today and moved back up to test a key cluster of resistance defined by the:100-day moving average at 0.8900 (lower blue line on the chart below)50% midpoint of the move up from the July low at 0.88999, and the Swing area near 0.8900 (follow red horizontal line and note the support near that level going back in time). The natural resistance at the round number(i.e. 0.8900) is also in play. The high price reached 0.88993 today. The inability to get above that level keeps the sellers more in control. Going forward, if the buyers are to find comfort (and gain more control), they need to see the price back above that KEY level. If not, they are not winning technicall

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USDCHF stays below a cluster of resistance keeping sellers in control ...Middle East

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