USDCHF Forecast
The USDCHF gaps lower earlier today after French election, opened at 0.9904 but traded a little bit higher around 0.9940 at the time I wrote this comment. The bias is neutral in nearest term but as long as stay below 1.0020 price is still in a bearish phase testing 0.9880 and 0.9813 area. Immediate resistance is seen around 0.9965. A clear break above that area could trigger further bullish pressure testing 1.0020 which is a good place to sell with a tight stop loss. 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.