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USDCHF Daily Forecast: May 08

USDCHF Forecast
The Usdchf had a bearish momentum last week bottomed at 0.9853. The bias is bearish in nearest term testing 0.9813/00 area. Immediate resistance is seen around 0.9950. A clear break above that area could lead price to neutral zone in nearest term but key resistance remains at 1.0020 which remains a good place to sell with a tight stop loss. On the downside, a clear break and daily close below 0.9813/00 would expose 0.9750 area.

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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: May 08

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