USDCHF Forecast

The USDCHF continued its bearish momentum yesterday bottomed at 0.8940 and closed at 0.8970. The bias remains bearish in nearest term targeting 0.8900 – 0.8850. Immediate resistance at 0.9000. A clear break above that area would lead us to neutral zone in nearest term testing 0.9070 but only a clear break back above 0.9130 could halt the current strong bearish outlook.

©2011 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.