USDCHF Forecast

The USDCHF failed to continue its bullish momentum yesterday. The bias is unclear in nearest term and we are in no trade zone now. As you can see on my daily chart below, price has been moving in range area of 1.0675 – 1.0350 since June 2010 after significant bearish momentum indicating consolidation but the main scenario remains bearish. We need a break from that range area to see clearer direction. Aggressive traders may long around 1.0350 or short around 1.0675 with tight stop loss.

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