End of swiss franc cap – extreme moves, USD/CHF, EUR/CHF technical analysis

technical analysis:

- more interesting is USD/CHF chart  (despite the fact that everyone is talking about EUR/CHF)

- announcement of Swiss National bank concernig end of cap… from 1,02389 USD/CHF ( selling opportunity):

a/ bearish harmonics weekly zone (gartley bearish) -see featured image – USD/CHF weekly chart.

b/ murrey match last line +2/8 is 1,02539 USD/CHF – great daily resistance

- then huge fall to 0,77792 USD/CHF (murrey line – major line 4/8 is 0,78125 – on weekly and monthly chart – see featured image) – it was great weekly and monthly support

- then correction (buying opportunity) to 0,87891 USD/CHF (daily murrey line 4/8 – major line)