USDCHF Weekly Forex Forecast – 9th to 13th July 2018
Technical Outlook: The USDCHF currency pair was seen testing the support level at 0.9894 once again. Price action continues to remain trading within the range of 1.0000 and 0.9894. In the near term, we expect this range to be maintained with a short term bounce likely to follow through following the retest of the support level. In the event that USDCHF breaks down below 0.9894, then we expect to see the declines pushing the USDCHF lower toward 0.9821.
Fundamental Outlook: Data from Switzerland for the week ahead will see just the unemployment report and the producer prices index. It is also a rather quiet week from the U.S. as well where only second tier data is expected. Still, the producer prices index report from the U.S. and the import price data could play a role in determining the volatility in the currency markets this week.
Thank you for your readership. We are truly grateful!
Hope that you like the strategies that we share.
If you like the strategies here, you will absolutely
love our latest strategy...
The aim of Morningpips is to finish trading by the morning.
Simple as that... Check it out!
Claim Your $60 No Deposit Bonus Here
All you need is to have your live account verified!
Of course, you need to open a live account...
2 Brokers that we like A LOT!
USD30 from each Forex Broker Below.
Both Forex Brokers have excellent rating!
We use both of these brokers and proudly promote them!
Other Analysis Today