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USDCHF Daily Forecast: November 08

Monday, November 7, 2016 19:31
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(Before It's News)

USDCHF Forecast
The USDCHF attempted to push higher yesterday topped at 0.9789 but closed lower at 0.9743. As you can see on my daily chart below, price unable to make a clear break above the daily EMA 200, which should keep the “shooting star” bearish scenario alive and kicking. The bias is bearish in nearest term testing 0.9700 – 0.9650 region. Immediate resistance is seen around 0.9775. A clear break above that area could lead price to neutral zone in nearest term testing 0.9820 area. Overall I remain neutral.



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