USDCHF Forecast

The USDCHF attempted to push lower on Thursday, bottomed at 1.0319 but further bearish pressure was rejected as price closed higher at 1.0387. This fact lead me to a no trading zone. The false breakout from 1.0450 area should trigger significant bearish momentum testing 1.0230 area but so far the bearish momentum also seems very limited. I will stand aside and wait for further development. Expected range at 1.0450 – 1.0230.


Forex Trader Library
Receive over 15 hours (8 CD's) of our best Forex trading education in one package! Containing the newest Advanced Forex CD, this education pack focuses on exactly what you need to know to become a successful Forex Trader.