The USDCHF slipped below 1.1445 yesterday, but closed higher at 1.1483. The fact that so far price unable to move consistently below 1.1445 could trigger further upside pressure testing 1.1695 region. On the other hand, we need a consistent move below 1.1445 to continue the bearish pressure testing 1.1300 region and could be considered as bullish scenario failure.
©2010 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.