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| USD/CHF Daily Forecast
Mon, August 04 2014 | Dear Fellow Trader,
Setyo Wibowo here with the latest daily forex update from the FX Instructor Forex Blog.
If you have any questions about today's update - please reply to this email and I will be happy to help. Enjoy!
| The USDCHF attempted to push higher last week topped at 0.9105 but whipsawed to the downside, closed at 0.9057. The bias is neutral in nearest term. Immediate support is seen around 0.9035. A clear break below that area could trigger further bearish pressure testing 0.9000 - 0.8970 support area. Immediate resistance is seen around 0.9070. A clear break above that area could trigger further bullish pressure testing 0.9100 - 0.9150. Overall I still prefer a bullish scenario at this phase. Please click here to see the chart. |
| | I hope you enjoyed today's forex update! If you have any questions or suggestions, reply to this email - or visit me at the FX Instructor Blog.
Happy Trading! | | | | | | | |