USDCHF Forecast

The USDCHF continued its bearish intraday bias yesterday since the failure to make a clear break above 0.9320 last week, bottomed at 0.9090 and closed at 0.9116. The bias remains bearish in nearest term testing 0.9050 key support area. A clear break and daily close below that area would reactivate my bearish mode. Immediate resistance is seen around 0.9140. A clear break above that area could lead price to neutral zone in nearest term testing 0.9200 area.

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

.