USDCHF Forecast

The USDCHF didn’t make significant movement yesterday. The bias remains neutral in nearest term. I still prefer a bullish scenario at this phase but the bullish momentum after the breakout above 0.9320 seems losing some of its strength and need a clear break and daily close at least back above 0.9400 to regain the upside momentum retesting 0.9500/46. On the downside, a clear break and daily close back below 0.9320 would postpone the bullish scenario testing 0.9200 region.

©2011 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.

.