USDCHF Forecast

The USDCHF bearish correction was stopped yesterday, topped at 0.9091 and hit 0.9110 earlier today in Asian session. The bias is bullish in nearest term especially if price able to make a clear break above 1.9150, still targeting 0.9320 area. Immediate support is seen around 0.9050. A clear break back below that area would lead price to neutral zone in nearest term but as long as stays above 0.8915 my overall technical bias remains to the upside.

©2011 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.