USDCHF Forecast

The USDCHF was indecisive yesterday. The bias is neutral in nearest term but overall outlook remains strongly bearish. On hourly chart below we can see price is trapped in range area of 0.8990 – 0.8927. The bias is neutral in nearest term and we need a clear break from the range area to see clearer intraday direction. A clear break above 0.8990 could trigger further upside pullback testing 0.9055. On the other hand, a clear break below 0.8927 would continue the bearish momentum testing 0.8850.

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

.