USDCHF Forecast

The USDCHF continued its bearish momentum yesterday, bottomed at 1.0221. The bias is bearish in nearest term testing 1.0130. Immediate resistance at 1.0250/70. Break above that area could lead us into neutral zone testing 1.0350 but overall the bias remains to the downside. On daily chart below, we have a falling wedge formation indicating potential bullish reversal warning in longer term view.

©2010 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.

.