USDCHF Daily Forecast: May 27

 @ibtimes
on May 26 2010 10:00 PM

USDCHF Forecast

The USDCHF didn’t make significant movement yesterday. Price is still in consolidation phase in the last several days but still within a major bullish scenario. I made adjustment to the range area and the range area now is between 1.4450 – 1.1695 as  price has been moving in that area since May 19. We need a break from the range area to see clearer direction. In nearest term the best strategy is to short around 1.1695 or long around 1.1445 with tight stop loss.

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