USDCHF Forecast
The USDCHF attempted to push lower last week, bottomed at 0.9788 but closed higher at 0.9849. Price slipped above the EMA 200 but quickly moving back below the EMA 200 as you can see on my H1 chart below, which keeps the overall bearish bias valid. The bias is neutral in nearest term. Immediate support is seen around 0.9825. A clear break and daily close below that area would expose 0.9780/50 region. Immediate resistance is seen around 0.9887 – 0.9915. A clear break back above that area would invalidate the bearish phase testing 0.9980 area.

FX Instructor Forex Blog – For Traders, By Traders

Leave a Reply