The USDCHF was indecisive yesterday, made a Doji on daily chart. On h4 chart below we can see that price still trapped in range area of 1.1175 – 1.0888. The bias remains neutral in both medium and nearest term. Immediate support remains at 1.1045. Break below that area could trigger further bearish pressure testing 1.0950 region. Initial resistance at 1.1175. Consistent move above that area should trigger further upside pressure re-testing 1.1250 region.
©2010 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.
Continue Reading Below