USDCHF Daily Forecast: November 23
November 22, 2009 - 10:30 pm by FX Instructor · Leave a Comment
USDCHF Forecast
The USDCHF still trapped in range area of 1.0120 – 1.0207 on Friday. As you can see in my h4 chart below, price made a bearish momentum after false breakout above 1.0207 area. This fact should keep the bias remains neutral but the false breakout could lead to further downside pressure testing 1.0120 support area. We need a valid break below 1.0120 or above 1.0207 to see clearer direction towards 1.0000/33 or 1.0337 area.
