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USDCHF Daily Forecast: November 01

Monday, October 31, 2016 19:17
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USDCHF Forecast
The USDCHF was indecisive yesterday. The bias remains bearish in nearest term testing daily EMA 200 located around 0.9780 area as a part of the bearish scenario after formed a “shooting star” formation as you can see on my daily chart below. Immediate resistance remains around 0.9915. A clear break above that area could lead price to neutral zone in nearest term testing 0.9950 or higher. Overall I remain neutral.

usdchfdaily

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