The USDCHF continued its bearish momentum last week, bottomed at 0.9237. The bias remains bearish in nearest term testing 0.9200 – 0.9100. Immediate resistance is seen around 0.9280. A clear break above that area could lead price to neutral zone in nearest term but any upside pullback now is normal and as long as stays below 0.9400 my overall intraday bias remains to the downside.
©2012 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.
Most Popular Slideshows
- Australia Bids Adieu to Adam Spencer's Mornings on ABC's "702 Breakfast" Show [PHOTOS]
- Top 10 Hottest Celebrities with Shocking Weight Loss (And Find Out Their Secrets!) [PHOTOS]
- Mars Curiosity Rover Photos: UFO Hunter Spots Strange 'Ruins,' 'Missile' [PHOTOS, VIDEO]
- Miranda Kerr Exposes Breasts to Crew, Wardrobe Malfunction 'Deliberate Accident?' [PHOTOS]