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USDCHF Daily Forecast: March 01

Tuesday, February 28, 2017 19:54
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USDCHF Forecast
The USDCHF attempted to push lower yesterday, bottomed at 1.0009 but closed higher at 1.0058. As you can see on my H4 chart below, the lower line of the bullish channel provided a valid support, keeps the bullish phase remains intact. The bias is neutral in nearest term probably with a little bullish bias testing 1.0100/40 resistance area. On the downside, key support is seen at 1.0000. A clear break below that area would end the bullish phase. Overall I remain neutral.



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