USDCHF Weekly Forecast Jul 28 2014

The USDCHF continued it bullish momentum last week ,topped at the 0.9050  levels and printed support at the 0.8970 levels .This development leaves the pair targeting the 0.9145  levels , a halt is likely , but a break would open 0.9270 next , further upside will aim the 0.9400 levels.

On the downside , support comes at the 0.9000 levels ahead of 0.8970 ( main) , stability above support levels will keep the bullish momentum intact , however ; losing the 0.8970  levels on a weekly closing basis will reverse risks towards the 0.8855/0.8900 levels , before the next possible rise.

In all , as long as support 0.8970  holds on a weekly closing basis , outlook in USDCHF remains on the upside towards the  0.9145  levels ahead of the 0.9270  levels .Below  0.8970  will reverse risks towards the 0.8855/0.8900  levels……

 

USDCHF Weekly Forecast Jul 28 2014

MARKET DATA

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