The USDCHF failed to continue its bullish momentum on Friday, confirms my range market outlook. There are no changes in my daily technical outlook and strategy. Long around 0.9550 or short around 0.9800 with tight stop loss. I still prefer a bullish scenario but would need a clear break above 0.9800 would lead us to a new bullish phase at least targeting 1.0000 area.
©2011 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.