USDCHF Forecast

The USDCHF didn’t make significant movement yesterday. The bias is neutral in nearest term but my overall intraday bias remains to the downside after the break below the trend line support as you can see on my daily chart below, still testing 0.8700 even 0.8550. Immediate resistance remains around 0.8850. A clear break above that area could lead price to neutral zone in nearest term but only a clear break and daily close back above 0.8915 could stop the current bearish intraday outlook.

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

.