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 Technical Analysis for USDCHF

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Technical Analysis for USDCHF Empty
PostSubject: Technical Analysis for USDCHF   Technical Analysis for USDCHF Icon_minitimeFri Jan 24, 2014 10:24 am
Technical Analysis for USDCHF Instaforex_mb_760x151_en

Technical Analysis for USDCHF

The USDCHF had a strong bearish momentum yesterday, broke below the bullish channel as you can see on my hourly chart below and bottomed at 0.8963. The bias is bearish in nearest term testing 0.8920/00. Immediate resistance is seen around 0.9000. A clear break above that area could lead price to neutral zone in nearest term testing 0.9050.

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