USD/CHF – Remains vulnerable

From migbank.com

New swing highs. • EUR/USD has extended the advance to breach the previous swing high at 1.3322 suggesting completion of a corrective pullback at 1.2974 on 16 th February. • Sustained breach of 1.3322 would signal an extension of the advance from the 1.2624 January swing low, with support at 1.2974/1.3187 (reaction low/weekly gap) seen holding for an attack on 1.3510/1.3548 (reaction high/channel resistance) ahead of the 200 day moving average, currently at 1.3735. • Settlement below 1.2974/1.3187 from here would suggest topping, threatening breakdown towards the old breakpoint at 1.2879 ahead of the major ... (full story)