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USDCHF Daily Forecast: October 20

Wednesday, October 19, 2016 18:41
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USDCHF Forecast
The USDCHF had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term but as you can see on my H4 chart below price is still in my “sell zone” with a tight stop loss above 0.9950. Immediate support remains around 0.9850. A clear break and daily close below that area could trigger further bearish pressure testing 0.9800 or lower. Overall I remain neutral.

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