USDCHF continues to trade lower for past one week and hits 2-week low around 0.99847.The pair has formed temporary top around 1.01242 on Mar 7th 2019. Markets eyes US Fed and SNB monetary policy for further direction. Both Fed and Swiss National Bank are expected to more dovish and Swiss economy got contracted as their main export market slowing. A stronger Swiss franc will make nation’s export less attractive. It is currently trading around 0.99953.
On the higher side, near term resistance is around 1.0030 and any violation above targets 1.0060/1.010/1.01285. Any break above 1.01285 confirms that bear trend has stopped around 0.97162 and jump till 1.0175/1.0340 is possible.
The near term support is around 0.9985 (50- day MA) and any break below will take the pair to next level till 0.9919 (200- day MA)/0.9850.
It is good to sell on rallies around 1.000 with SL around 1.0030 for the TP of 0.9920.


Euro Bulls Charge Past 1.1600: Broad Dollar Sell-Off Ignites Powerful EURUSD Rally
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY dips as China’s yuan strengthens on Iran war de escalation hopes
NZDJPY Technical Outlook: Bearish Bias Deepens as Key Resistances Hold
FxWirePro: NZD/USD cautiously bid as traders sense end to Iran war
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
Ethereum Rises on Geopolitical De-escalation: Pezeshkian’s Peace Signal Ignites Bullish Momentum
Bitcoin Recovers Amid Easing Geopolitics: Bulls Target USD 80,000 Support Rebound
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
FxWirePro: AUD/USD gains some ground but remains sensitive to Middle East tensions
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD retreats slightly but trend is still bullish
FxWirePro: EUR/ NZD loses momentum but outlook is bullish
Yen Resurgence Drives GBPJPY to 2.5-Week Low: Sellers Aim for 208.00
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies
FxWirePro- Major European Indices 



