USDCHF Forecast

The USDCHF had a bearish momentum yesterday, but still trapped in the range area as the bullish pressure waning and unable to move break above 1.1695 area. We still need a clear break from the range area to see clearer direction. The major bullish scenario remains intact so I am thinking about long position if price go near around 1.1445 region with a tight stop loss targeting 1.1695 area. Good risk reward ratio.

©2010 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.