The market did nothing significant on Monday, and thus the bias on the market is neutral in the short-term (while the medium-term bias is bearish). It is expected that this short-term neutral bias would continue for some time until there is a breakout in the market, which would most probably favor bears.
There are resistance levels at 0.9400 and 0.9450 and there are support levels at 0.9300 and 0.9250. Once the support level at 0.9250 is breached to the downside, the bias on the market would turn bearish. A movement above the resistance level at 0.9450 would reveal the bullish intent.
The material has been provided by InstaForex Company – www.instaforex.com
USD/CHF
The market did nothing significant on Monday, and
thus the bias on the market is neutral in the short-term (while the medium-term
bias is bearish). It is expected that this short-term neutral bias would
continue for some time until there is a breakout in the market, which would
most probably favor bears.
There are resistance levels at 0.9400 and 0.9450 and
there are support levels at 0.9300 and 0.9250. Once the support level at 0.9250
is breached to the downside, the bias on the market would turn bearish. A
movement above the resistance level at 0.9450 would reveal the bullish intent.
The material has been provided by InstaForex Company – www.instaforex.com
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