© Dukascopy Bank
"Tuesday's retail sales could revive more QE3 talk, especially if the data is weaker than expected"
- WSJ
Industry outlook
USD/CHF currency couple is currently gaining bullish momentum, as it is being supported by strong levels at 0.9088/66 and 0.8931. The initial target lies at 0.9246 (55 day ma), which guards 0.9317.
Traders' sentiment
Traders' sentiment on USD/CHF is mixed, as the amounts of buy and sell orders are almost equal, being 51 and 49 per cent of the market, respectively.
Long position opened
The initial resistance level for the pair is 0.9235. If the price continues increasing, the investors will hold longs until the pair climbs up to 0.9285 or 0.9364.
Short position opened
Largest investors might have placed their take profit orders at the key support levels. These levels for intraday trading are situated at 0.9106, 0.9027 and 0.8977.
© Dukascopy Bank