USDCHF Forecast

The USDCHF continued its bullish momentum yesterday, slipped above 0.9320 and hit 0.9333 earlier today. This fact cancels my bearish outlook and change my intraday bias to a bullish mode testing 0.9375 – 0.9415 before retesting 0.9600 area. Immediate support is seen around 0.9275. A clear break below that area could lead price to neutral zone in nearest term but as long as stays above 0.9200 my overall intraday bias remains to the upside.

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