FX.co ★ Daily analysis of USD/CHF for April 11, 2018

USD/CHF

The pullback on the USD/CHF remains in place. The downwards movement is becoming serious and a threat to the recent short-term bullishness in the market. A movement below the support level at 0.9500 will result in a bearish bias, which means the market will move further southwards.

A Bearish Confirmation Pattern will soon form in the market after the EMA 11 has crossed the EMA 56 to the downside significantly. Then the short-term, and the medium-term biases would have turned completely bearish.