USDCHF Forecast
The USDCHF had a bearish momentum yesterday and now struggling around 1.0020 support area which is a good place to buy with a tight stop loss as a clear break back below that area would nullify the bullish phase testing 0.9970 or lower. The bias is bearish in nearest term. Immediate resistance is seen around 1.0060. A clear break above that area could lead price to neutral zone in nearest term but would keep the bullish phase remains valid testing 1.0170 region. Overall I remain neutral.

usdchfh4

FX Instructor Forex Blog – For Traders, By Traders

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.