USDCHF Daily Forecast: October 10 - Forex
International Business Times
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By swibowo | October 10, 2012 6:21 PM EST

Fx Instructor

USDCHF Forecast

The USDCHF had a bullish momentum yesterday and hit 0.9431 earlier today. The bias is bullish in nearest term but I think now is a good time to sell with a tight stop loss above 0.9435/50 targeting 0.9250 area. A clear break and daily close above 0.9435 will be a threat to the bearish scenario and could be an early bullish reversal signal at least testing 0.9520.

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