| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
USDCHF Daily Forecast: October 04
Thursday, October 4, 2012 3:01
% of readers think this story is Fact. Add your two cents.
USDCHF Forecast
The USDCHF had another indecisive movement yesterday and remains sideways ahead of ECB rate decision/press conference and FOMC meeting. There are no changes in my technical outlook. The bias remains neutral in nearest term but as long as stays below 0.9420/35 I still prefer to sell on rallies testing 0.9300 – 0.9250 support area. On the upside, a clear break and daily close above 0.9420/35 (daily EMA 200) will interrupt the bearish outlook and activate my bullish intraday mode at least testing 0.9520 area or higher as price might enter a new major bullish phase.
2012-10-04 02:50:02
Source: http://www.fxinstructor.com/blog/usdchf-daily-forecast-october-04-3
Source:
