USDCHF Weekly Forecast Jul 21 2014

Outlook in USDCHF has tuned neutral with risk to the upside as long as support 0.8858 holds on a weekly closing basis , resistance comes at the 0.9036 levels , sustained trading – weekly closing – above this ┬álevel will resume the bullish move towards the 0.9155 levels , further upside will aim the 0.9249 levels…

On the downside , a failure to take out the 0.9036 levels , could mean a return to the 0.8858 levels , sustained trading – weekly closing – below this level will bring a free fall towards the 0.8702 levels before the next possible rise…

In all , the USDCHF is likely to consolidate within 0.8858 / 0.9036 range before the next move………..

 

USDCHF Weekly Forecast Jul 21 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS