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USDCHF Daily Forecast: October 04

Monday, October 3, 2016 21:01
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(Before It's News)

USDCHF Forecast
The USDCHF had a moderate bullish momentum yesterday and hit 0.9747 earlier today. The bias is bullish in nearest term testing the upper line of the “megaphone” formation as you can see on my H1 chart below located around 0.9770 which is a good place to sell with a tight stop loss. Immediate support is seen around 0.9715. A clear break below that area could lead price to neutral zone in nearest term testing 0.9650/30 region. Overall I remain neutral.


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