USDCHF Forecast

The USDCHF continued its bullish momentum yesterday, topped at 0.9221 and closed at 0.9199. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 0.9320 key resistance area. Immediate support is seen around 0.9170. A clear break below that area could lead price to neutral zone in nearest term testing 0.9100. I still prefer a bearish scenario at this phase but would need a clear break and daily close back below 0.9050 to reactivate my bearish mode.

©2012 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.

.