Technical analysis of USD/CHF for June 19, 2017 888011000 110888 USD/CHF is anticipated to trade with a bullish bias above 0.9700. In spite of breaking listed below the 20-period and 50-period moving averages, the set is still trading above the crucial support at 0.9700, which ought to permit for a momentary stabilization. Even though an extension of the consolidation can not be dismissed, its degree should be limited. Therefore, as long as 0.9700 holds on the downside, look for a rebound to 0.9770 as well as to 0.9805 in extension. Graph Explanation: The black line shows the pivot point, present price above pivot point suggests the bullish position and listed below pivot points shows the short position. The red lines reveal the support levels andthe green line indicates the resistance levels. These levels can be utilized to enter and exit trades.Strategy: BUY at dips, Stop Loss: 0.9700, Take Earnings: 0.9770 Resistance levels: 0.9770, 0.9805, and 0.9875 Assistance levels: 0.9680, 0.9655, and 0.9610 The material has actually been supplied by InstaForex

By | June 19, 2017

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