USDCHF Daily Forecast: March 12

USDCHF Forecast
The USDCHF had a significant bullish momentum last week, broke above the range area as you can see on my daily chart below. This fact creates a bullish scenario after the false breakout below the range area four weeks ago. The bias is bullish in nearest term testing 0.9580 – 0.9650. Immediate support is seen around 0.9465. A clear break and daily close back below that area could lead price to neutral zone in nearest term as direction would become unclear. My major technical outlook remains neutral.

valid and false breakout: forex

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