After the aggressive bullish move in USD/CHF beyond the pair finding support at the key Fibonacci level at 0.9854. Within short order of that support inflection, prices had ascended by almost 250 pips until resistance began to show at 1.0095. But after a continued struggle at resistance that lasted for most of last Wednesday and into Thursday, sellers finally re-gained control and have pushed the pair down just as quickly as it had previously moved-up (and with a 25% larger move). Of course the fibonacci is price action out of many, and Stochastics is an indicator out of many, but they are very useful when combined.
Currency Trading Outlook 