FXstreet.com (Barcelona) - The Dollar has extend losses against the Swissy after rejecting at 1.0350 resistance in the early European session to break MA200 hourly chart at 1.0325, MA55 at 1.0290 and test the September 24 low at 1.0230 in a 120 pips decrease movement.
Currently the pair is trading around 1.0235/45, 0.75% below today's opening price action at 1.0315.
Valeria Bednarik, FXstreet.com Collaborator, comments: Pair holds a general bearish bias, yet hourly charts should we could have found a floor for today around 1.0260 area. Clearly under that level, could trigger some downside momentum in the pair, as bigger time frames support the bias after pair clearly breaks 20 SMA. Only above 1.0320, current perspective is deny for next sessions.
Bednarik provide us with her levels: Support levels: 1.0270 1.0250 1.0210. Resistance levels: 1.0300 1.0320 1.0360.