The USDCHF made another indecisive movement yesterday and now still struggling around 0.8381. The bias remains neutral in nearest term. We are still in a bearish outlook but CCI bullish divergence as you can see on my h4 chart below suggests potential upside pullback. We have not seen significant bullish correction since the strong bearish movement from 0.8945 so any upside pullback now is normal but overall bias remains to the downside unless price breaks above 0.8555.
©2011 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.