USDCHF Daily Forecast: December 03

By @ibtimes on

USDCHF Forecast

The USDCHF had a significant bearish momentum yesterday, break below the trend line support as you can see on my h4 chart below. The bias is bearish in nearest term especially if price able to make a clear break below 0.9920 targeting 0.9850. Immediate resistance at 1.0000 followed by 1.0050. Although medium term bullish outlook remains intact since the break above the triangle, we need a clear break above 1.0050 to continue the bullish scenario.

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