USDCHF Forecast
The USDCHF was indecisive yesterday. The bias remains bullish in nearest term testing 1.0050 – 1.0120. Immediate support is seen around 1.0000. A clear break below that area could lead price to neutral zone in nearest term testing 0.9965/20 but key support remains around the trend line support and 0.9870 – 0.9800 region as you can see on my H4 chart below. As long as stays above the trend line support I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.

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.