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USDCHF Daily Forecast: December 10
Monday, January 4, 2016 10:06
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USDCHF Forecast
The USDCHF continued its bearish momentum yesterday bottomed at 0.9820. The bias remains bearish in nearest term testing the daily EMA 200 located around 0.9680 area as a part of the false breakout scenario as you can see on my daily chart below. Immediate resistance is seen around 0.9875. A clear break above that area could lead price to neutral zone in nearest term testing 0.9950 but overall I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.
Source: http://fxinstructor.com/blog/usdchf-daily-forecast-december-10-6
