USDCHF Weekly Forecast Jun 16 2014

The USDCHF continued it bullish momentum last week ,topped at the 0.9011  levels and printed support at the 0.8919 levels .This development leaves the pair targeting the 0.9095 levels , a halt is likely , but a break would open 0.9200 next , further upside will aim the 0.9325 levels.

On the downside , support comes at the 0.8959 levels ahead of 0.8919 ( main) , stability above support levels will keep the bullish momentum intact , however ; losing the 0.8919  levels on a weekly closing basis will reverse risks towards the 0.8858/0.8702 levels , before the next possible rise.

In all , as long as support 0.8919  holds on a weekly closing basis , outlook in USDCHF remains on the upside towards the  0.9095 levels ahead of the 0.9200  levels .Below  0.8919  will reverse risks towards the 0.8858/0.8702  levels……


USDCHF  Weekly Forecast Jun 16 2016