USDCHF Daily Forecast: July 21
USDCHF Forecast
The USDCHF attempted to push higher yesterday topped at 0.9618 but closed lower at 0.9513. We have a bearish pin bar (continuation) formation as you can see on my daily chart below suggests a potential bearish view after a rejection to move above 0.9620 resistance area. The bias is bearish in nearest term testing 0.9450 which remains a good place to buy with a tight stop loss as a clear break and daily/weekly close below that area would expose 0.9250 region next week. Immediate resistance is seen around 0.9550 followed by 0.9620.
Source: http://fxinstructor.com/blog/usdchf-daily-forecast-july-21-8
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