USD/CHF (a 4- hour chart)
Although the economic data has been positive, but the dollar index began to decline after a day of growth.
Particular attention deserves Initial Jobless Claims, which rose by only 1,000 to 326,000 during the last week. Analysts predicted 330,000.
According to another report, there was a growth by 1 % in sales in the secondary market in December and the index of leading economic indicators rose by 0.1 % p.
The pair broke 0.9105 and stayed at 0.8993, the next suppor is below at around 0.8935/25 .
The price is directed downwards. Chinkou Span is below the price. The price is below the cloud.
The southern movement is remained until Kijun-Sen is located above the price. Tenkan-sen is crossing Kijun-sen downwards. The cloud is descending.
Bollinger bands still show a downward movement.
MACD histogram is located in a negative zone. The histogram is descending.
The pair has broken the support at the 91st figure and fell to the support at 0.8965. It is expected that the decrease will be continued. On breaking this support the price may fall to 0.8905.