USDCHF Daily Forecast: April 24
USDCHF Forecast
The USDCHF continued its bullish momentum yesterday and hit a new 2019 high at 1.0230 but closed a little bit lower at 1.0202. The bias remains bullish in nearest term but note that we have two consecutive bearish pin bars as you can see on my H1 chart below suggests a potential bearish pullback/correction towards 1.0160 – 1.0130 support area and the H1 EMA 200. Immediate resistance is seen around 1.0230. A clear break above that area would invalidate the bearish pin bar correction scenario which not only would target 1.0250 but also open the door towards 1.0340 key resistance area which is a good place to sell. Overall I remain neutral on this pair.
Source: https://fxinstructor.com/blog/usdchf-daily-forecast-april-24-7
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