USDCHF: Loses Upside Momentum

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 7, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    USDCHF: Having USDCHF lost upside momentum on Wednesday to close lower it looks to extend its bull pressure. On the downside, support lies at the 1.0050 level. A turn below here will open the door for more weakness towards the 1.9900 level and then the 1.0000 level. Further down, support resides at the 0.9950 level. On the downside, On the upside, resistance resides at the 1.0100 level where a break will clear the way for more strength to occur towards the 1.0150 level. Further out, resistance

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