USDCHF Daily Forecast: November 04

By swibowo
03 November 2009 @ 08:30 pm EDT

USDCHF Forecast

The USDCHF made a false breakout from my range area of 1.0280 – 1.0166 yesterday, as you can see in my h4 chart below, topped at 1.0337 but closed much lower at 1.0194. It looks like bullish power is still limited and bullish scenario is not confirmed yet as price are now back in the range area. The FOMC meeting today is expected to be the market mover for us to see clearer direction, a valid break from the range area. While it’s more likely that they will leave funds rate unchanged at

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