USDCHF Daily Forecast: January 20

 @ibtimes
on January 19 2010 9:19 PM

USDCHF Forecast

The USDCHF had a significant bullish momentum yesterday. On h4 chart below we can see that the bearish channel has been violated to the upside indicating bearish failure and potential bullish outlook targeting 1.0430 even 1.0507 area this week. Immediate support at 1.0280. Break below that area should lead us into no trading zone as direction would become unclear for me.

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