Abe Cofnas has been analyzing the Forex market for years. Here is his outlook for today’s action in the Forex market.
USDCHF - This pair is in a retracement from a low of 1.0396 to a high of 1.0641. It is probing a 50% retracement level. A break of 1.0518 is a key support point. A break of 1.049 would be a major sell signal.