USDCHF Forecast

The USDCHF had a bearish momentum last week and slipped below 0.9125 support area. The bias is bearish in nearest term testing 0.9050 but overall price is still moving sideways for almost three months now, moving between 0.9320 – 0.8930. Immediate resistance is seen around 0.9150. A clear break above that area could lead price to neutral zone in nearest term testing 0.9221 – 0.9250 area. EMA 200 indicator suggests a bearish view on hourly chart but remains flat on h4 and daily chart.

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

.