The USDCHF was indecisive yesterday. The bias remains neutral in nearest term but the false breakout scenario still potential as price so far able to stay below 1.0888. Immediate support at 1.0760/50 area. Break below that area could trigger further bearish momentum targeting 1.0700 – 1.0680 region. On the upside, we still need a clear break above 1.0888 to continue the bullish scenario towards 1.1000 region.
©2010 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.