USDCHF Daily Forecast: December 10

By @ibtimes on

USDCHF Forecast

The USDCHF continued it bearish pressure yesterday, but the lower line of the minor bullish channel still holds so far as you can see on my h1 chart below, keep the nearest term bullish scenario intact especially if price able to break above 0.9900 targeting 1.0000. On the other hand, a break below the bullish channel and 0.9800 could trigger further bearish momentum targeting 0.9756-25 support area.

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

.

Join the Discussion