USDCHF Daily Forecast: March 08

By @ibtimes on

USDCHF Forecast

The USDCHF didn’t make significant movement yesterday. The bias is neutral in nearest term and as you can see on my daily chart below price still trapped between 0.9330 – 0.9230 for more than a week now. Aggressive intraday traders can long around 0.9230 or short around 0.9330 with tight stop loss. For those who are interested in buying around 0.9230 make sure to cut your losses quickly as a daily close below 0.9230 would continue the major bearish scenario targeting 0.9100 – 0.9000.

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