USDCHF Daily Forecast: January 11

By IBTimes Staff Reporter | January 10 2010 9:57 PM

USDCHF Forecast

Sponsorship Link

The USDCHF had a significant bearish momentum on Friday after worse than expected US NFP number. Technically, price now not only break below 1.0280 area (38.2% Fibo retracement), but has move below 50% Fibo retracement. So the bearish channel now is not only indicating a correction, but a potential bearish reversal testing 1.0143 area. Break below that area should trigger further bearish momentum back towards 0.9917 area.

alt=

Euro Set For Another Week of Disappointing Data

Euro Set For Another Week of Disappointing Data

Eurozone Reports Increased Trade Surplus

Eurozone Reports Increased Trade Surplus

Eurozone GDP Puts Euro Under Pressure

Eurozone GDP Puts Euro Under Pressure

ZEW Results Weigh on Euro

ZEW Results Weigh on Euro

In Depth

Atheists Fight Gideon Bibles With Books By Christopher Hitchens And Richard Dawkins In Georgia State Parks

What Would Jesus Read? Atheists Fight Bibles With Hitchens In Georgia Book Battle

Those Were The Days: How Norman Lear And ‘All in the Family’ Permanently Changed US Television And Society

How Norman Lear And ‘All in the Family’ Changed US Television And Society

Chinese Tourists Told To Fix ‘Uncivilized Behavior’ Have Their Own Request: Treat Us Better

Chinese Tourists Told To Curb ‘Uncivilized Behavior’

How To Solve Pakistan’s Energy Crisis? Turn Off Air Conditioners, Wear No Socks

Pakistan's Creative Way To Solve Its Energy Crisis

web counter