USDCHF Forecast

The USDCHF had a significant bullish momentum yesterday after unable to make a break below 0.8325 and hit 0.8493 earlier today in Asian session. Looks like the 0.8325 support is a bottom at this phase which could lead to a bullish reversal scenario. The bias is bullish in nearest term testing 0.8555. A clear break above that area could trigger further bullish momentum testing 0.8670 – 0.8710. Immediate support at 0.8460. A clear break below that area could lead us to neutral zone in nearest term and might create a sideways condition between 0.8325 – 0.8460.

©2011 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.