FXstreet.com (Barcelona) - The USD/CHF has risen around 120 pips from the 1.1470 today's low, to the 1.1590 resistance level in the European session.
After it was rejected by the 1.1680 resistance level in the yesterday's US opening bell, the USD/CHF fell around 210 pips to find support at 1.1470 in early European morning. Then, the pair has begun to rise to try to break the 1.1590 resistance level, initially rejected.
Currently, the pair is trading around the 1.1555/75 band. Fi the pair breaks the 1.1590 level, next resistants will be 1.1625 and 1.1680, as yesterday high. On the downside, if the pair fails to break the 1.1590, it will falls below the 1.1500 level again.