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USDCHF Daily Forecast: October 01
USDCHF Forecast
The USDCHF continued its bullish correction last week, slipped above 0.9420 key resistance area but still unable to break above the daily EMA 200 so far (around 0.9435). The bias is bullish in nearest term testing 0.9500/20 area but my medium outlook is entering a neutral zone. Immediate support is seen around 0.9390/70. A clear break below that area could lead price to neutral zone in nearest term but would potentially creates a false breakout bearish scenario testing 0.9300 – 0.9250 area. On the upside, a clear break and daily close above the daily EMA 200 could be an early signal for a major bullish reversal scenario.
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2012-10-01 13:49:22
Source: http://www.fxinstructor.com/blog/usdchf-daily-forecast-october-01-3
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