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USDCHF Daily Forecast: February 20

USDCHF Forecast
The Usdchf was indecisive last week. The bias is neutral in nearest term probably with a little bullish bias testing 1.0100 area. Immediate support is seen around 1.0000. A clear break below that area could trigger further bearish pressure testing 0.9950 area. As you can see on my H4 chart below, the double top scenario remains valid (1.0335) but price is still moving inside a bullish channel. We need a clear break below that bullish channel and 0.9950 support area to continue the bearish scenario. Overall I remain neutral.

usdchfh4



This post first appeared on FX Instructor Forex Blog - For Traders, By Traders, please read the originial post: here

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USDCHF Daily Forecast: February 20

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