In the beginning of the European session of Monday bulls once again did not manage to overcome strong resistance level 1.1700 then the American dollar has started to decrease in relation to the Swiss franc and already at the American session has returned to level 1.1600 where there passes a support line (constructed on last local minima).
Already today in the beginning of the Asian session buying of the American dollar have renewed also it has started to grow promptly, having break thus level of resistance 1.1700 then the exchange rate has taken place 70 more points upwards and has reached not less strong level of resistance 1.1775 which has been tested in last two hours and about once again has not been break that specifies in weakness of bulls.
At the same time it is necessary to pay attention that on 4 hour chart oscillator Stohastic has entered into tha overbuying zone , and oscillator RSI it is located near possible decrease in the American dollar in short-term prospect.
Today is better to refrain from new orders opening on given currency pair.
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