USDCHF Forecast

The USDCHF had another volatile but indecisive movement yesterday. There are no changes in my technical outlook and I still prefer to stand aside for now. EMA 200 indicator remains flat on hourly, h4 and daily chart. Immediate support remains around 0.9125. A clear break below that area could trigger further bearish pressure testing 0.9050. Immediate resistance is seen around 0.9221 – 0.9250 area.

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