Fundamentals Outlook The week ahead is expected to remain slow with only second tier data coming out. The week starts off with the flash inflation estimates from the Eurozone. The inflation data covers the month of November. Inflation data comes amid concerns that consumer prices are rising at a slower pace in the Eurozone. The only big event next week is the Fed's monetary policy meeting. The short term fed funds rate are expected to rise by a quarter point, bringing the U.S. interest rates to 2.25% - 2.50%. This will be the last rate hike this year. Officials will also be releasing their projections on the economy and interest rate projections for the next year. Following the Fed meeting, the Bank of Japan will be holding its monetary policy meeting. No changes are expected as the BoJ is widely expected to remain muted as it buys for more time for inflation to rise higher. On the economic front, the final revised GDP estimates for the third quarter will be released later on Friday. Investors expect to see no change to the third quarter GDP which is expected to remain steady at 3.5% on the quarter. Are you still finding it difficult to profit from the market? We can help! Click Here to learn more... Chart set up: The USDCHF currency pair managed to hold out at the support level at 0.9870. Price action has managed to post a steady gain ever since and the bullish momentum looks strong enough for price action to once again retest the resistance level at 1.0019. Key support/resistance levels: Support: 0.9942; Resistance: 1.0001 Commentary: The price action in the USDCHF remains in a strongly consolidating phase. Unless we see a breakout above 1.0019, USDCHF could continue trading flat. To the upside, a breakout above 1.0019 is needed for the USDCHF to target the next main resistance level of 1.0080. This would mark a retest of the previously established highs from early November this year. To the downside, USDCHF is likely to maintain the sideways range with the minor support at 0.9942 likely to hold the declines. For the week ahead, USDCHF is expected to be bullish. This is the simple way to scan for the best price action setup everyday.  Click Here... Previous USDCHF Weekly Forex Forecast