USDCHF Daily Forecast: February 20

(Before It's News)

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.

• Pound to Euro exchange rates still holding relatively firm (Joshua Privett)
• Further falls for the pound (Dayle Littlejohn)
• European Elections and the impact for Sterling Euro rates (Tom Holian)
• Economic and Political uncertainty causes Pound exchange rates to fall (Tom Holian)
• Sterling falls across the board after data shows a slump in spending, will the downward trend continue? (Joseph Wright)
• How will Greece effect the Euro?
• EUR/GBP – Down trend is 4 hours chart
• Greek Debt Problems Continue to Mount – How Will This Affect the EUR?
• USDJPY 60 Minute Chart Analysis February 17th, 2017
• EURUSD Daily Forecast: February 17