USDCHF Forecast
The USDCHF had a strong bullish momentum last week, broke above the bearish channel and 0.9785 key resistance area, topped at 0.9819. This fact invalidates my bearish outlook and turns my short-term bias to a bullish condition. The bias is bullish in nearest term testing 0.9870. Immediate support is seen around 0.9785 – 0.9740 area. A clear break back below that area would activate my “wait and see” mode as direction would become unclear.

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.