USDCHF Forecast

The USDCHF continued its bullish momentum yesterday, topped at 0.9245 and closed at 0.9235. The bias is bullish in nearest term testing 0.9320. Immediate support is seen around 0.9180. A clear break below that area could lead price to neutral zone in nearest term testing 0.9130 – 0.9100. Overall I still prefer a bearish scenario at this phase but would need a clear break and daily close below 0.9050 to reactivate my bearish mode.

©2012 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.

.