USDCHF Daily Forecast: December 22

 @ibtimes
on December 21 2009 8:06 PM

USDCHF Forecast

The USDCHF continued it’s bullish momentum yesterday, topped at 1.0481 and closed at 1.0459. The bias remains to the upside targeting 1.0530 before aim for 1.0700 area but we need consistent move above 1.0450 area to continue the bullish scenario. Another movement below 1.0450 area should lead us into no trading zone but short position is not recommended at this phase.

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