USDCHF Daily Forecast: October 18

By @ibtimes on

USDCHF Forecast

The USDCHF had a bullish momentum yesterday after a false breakdown below 0.8915. The bias is neutral in nearest term. Overall price is still in a bearish intraday bias since violated the trend line support as you can see on my daily chart below but a clear break above 0.9038 would be a threat to the bearish outlook, testing 0.9070 even 0.9150/80 area. On the downside we still need a clear break and daily close below 0.8915 to continue the bearish scenario testing 0.8800.

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