The Swiss National Bank will not hurry with the deposits interest rates reduction. Firstly it will try to restrain the franc growth with the help of the foreign exchange intervention. The financial capital outflow resumption is worth noting which can also increase pressure on the franc while maintaining the total market volatility at the current low levels.
The frank is in a flat between the levels of 1.0100 and 0.9960. However, the pound growth is possible, although it will be very weak.
The price is finding the first support at 0.9960, the next one is 0.9850. The price is finding the first resistance at 1.0100, the next one is at 1.0190.
There is a confirmed and a strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen shows a downward movement and the Kijun-sen shows a horizontal movement. The upward movement will be until the price is above the Cloud.
The MACD indicator is in a positive territory. The price is consolidating.
We advise to long with the first target - 1.0100. When the pair consolidates above the first target, we can open deals to the level of 1.0190.