USDCHF Forecast: Prints another inside bar, consolidation remains
USDCHF Forecast: Prints another inside bar, consolidation remains
The USDCHF had another indecisive movement yesterday, prints another inside bar as you can see on my daily chart below. There are no changes in my technical outlook. The bias is neutral in nearest term. We still need a break above or below the “mother bar” to see the next direction of this pair. A break above 1.0230 would target 1.0250 even 1.0340. Conversely, a break below 1.0150 would target 1.0095 or lower. Fundamental focus will be on the US GDP q/q data today. A better than expected reading could result an upside break above the “mother bar” and resume the bullish run. On the other hand, a worse than expected reading could result a downside wave below the “mother bar”. Overall I remain neutral on this pair.
Source: https://fxinstructor.com/blog/usdchf-forecast-prints-another-inside-bar-consolidation-remains
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