USDCHF Daily Forecast Jul 16 2014

The USDCHF maintained a bullish  momentum yesterday , printed support at the 0.8897 levels .This development leaves the pair targeting the 0.8990 levels , a halt is likely , but further upside will aim the 0.9030  levels where a breach will turn focus on the 0.9070  levels….

On the downside  ,support  comes at the 0.8930  levels ahead of the 0.8897  levels ( main ) , losing  the 0.8897  levels on a daily closing basis will tun outlook neutral for retesting the 0.8855/0.8798  levels  before the next possible rise……

In all , as long as support 0.8897  holds on a daily closing basis , outlook in USDCHF  remains on the upside  towards the 0.8990  levels ahead of the 0.9030  levels , below  the 0.8897  levels will reverse risks towards the 0.8855/0.8798  levels before the next rise ……….


USDCHF Daily Forecast Jul 16 2014