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Shourov_kk

USD/CHF: Swissy Analysis : FOMC meeting and SNB playing roles

U.S. Dollar / Swiss Franc (FX:USDCHF)  
Shourov_kk  
FX:USDCHF   U.S. Dollar / Swiss Franc
Technical Indicators Trend Analysis Chart Patterns USDCHF swissy FOMC snb
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indicator trendanalysis chartpattern usdchf swissy fomc snb
USD/CHF is currently trading a key weekly level around 0.98400 - 0.98700 zones. This weekly support { purple line } has been rejected several times in the past, with the pair bouncing around 130 pips each upside movement. The daily candle isn't showing any prime entry point, therefore we expect this pair to stay neutral until FOMC meeting today and SNB meeting on tomorrow Thursday. Traders should take this trade with the consideration that the level gets rejected or broken. A closure below 0.98400 can send the Swissy back to the next support at 0.9800 or close to our Green line.
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