USDCHF Forecast
The USDCHF had another indecisive movement last week. Price is still trapped between 1.0095 – 0.9910 range area as you can see on my daily chart below. The false breakout bearish scenario remains intact but need a clear break below 0.9910 to resume the bearish phase testing 0.9825. The bias is neutral in nearest term. Immediate resistance is seen around 1.0005. A clear break and daily close above that area could trigger further bullish pressure testing 1.0050 – 1.0095 region. Immediate support is seen around 0.9950 followed by 0.9910.


FX Instructor Forex Blog – For Traders, By Traders

Leave a Reply