USDCHF Forecast

The USDCHF was indecisive yesterday. Price attempted to push lower, bottomed at 0.9155 but closed higher at 0.9216. The bias is neutral in nearest term. Potential range is seen between 0.9320 – 0.9050 but I still prefer a bearish intraday scenario at this phase. Selling around 0.9320 seems to be a good idea as we have a good risk – reward ratio there with tight stop loss above 0.9320 targeting 0.9050 area.

©2012 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.