© Dukascopy Bank
"We do expect more of a drag from Europe on the U.S...and if things were to get worse in Europe a recession in the U.S. is certainly possible"
- Goldman Sachs (based on CNBC)
пЃ® Industry outlook
USD/CHF currency couple is making a near-term correction lower which is not expected to step below 0.9319. Following a rebound from this support the price is anticipated to recommence its move up to 0.9776/84 and 0.9950.
пЃ® Traders' sentiment
The Swiss Franc stays as the least attractive currency for the FX market players while traders' sentiment in USD/CHF perfectly reflects this situation. 81.88% of traders are bullish and 18.12% of them are bearish on the pair.
пЃ® Long position opened
FX market participants have put their take profit orders at the key resistance points of intraday trading. Some of the investors might close their deals at 0.9399 and 0.9425. The highest level is at 9451.
пЃ® Short position opened
Key support for USD/CHF intraday trading is situated at 0.9347. In case S1 is penetrated, traders with short positions are likely put their T/P orders at 0.9321 and 0.9295.
© Dukascopy Bank