The USD/CHF pair might continue to fall in the medium term, according to our daily and weekly analysis. The price stays below EMA 20, EMA 50, and EMA 100, on the daily chart. The RSI indicator stays below 50, and the Stochastic oscillator may soon be negative on the daily chart. According to the weekly chart, the RSI indicator stays below 50, and the price remains below EMA 20, EMA 50, and EMA 100. The price moves into a downtrend line range.
The most important data from this week:
US GDP QoQ (-5% expectation); (+2.1% previous)
US Core Price Index YoY (+0.9% expectation); (+1% previous)
US Michigan Consumer Sentiment (June) (79 expectation); (72 previous)
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