USDCHF analysis for 14.12.2017

Switzerland has published Producer and Import Prices YoY and SNB Interest Rate Decision and the US will release Retail Sales MoM and Initial Jobless Claims. The support rests at 0.98340 with resistance at 0.98650 which both lines are below the weekly pivot point at 0.98960. The EMA of 10 is moving with bearish bias in the descendant channel but it is located below the EMA of 200 and above the EMA of 100. The RSI is rising towards the 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is showing sell signal. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend. The pair may rise towards 0.99 but it will fall in long term targeting 0.98. https://fxglory.com/usdchf-analysis-for-14-12-2017/