USDCHF Forecast
The USDCHF continued its bullish momentum yesterday topped at 0.9847. The bias remains bullish in nearest term testing 0.9950 region as a part of the bullish scenario following a break above the rising wedge formation and the daily EMA 200 as you can see on my daily chart below. Immediate support is seen around 0.9800. A clear break above that area could lead price to neutral zone in nearest term testing 0.9765 area but overall I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy. My major technical outlook remains neutral.

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.