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USDCHF Daily Forecast: December 07

USDCHF Daily Forecast: December 07
Thursday, December 7th, 2017 @ 1:14 am by Setyo Wibowo

About Setyo Wibowo:

Setyo Wibowo Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own. Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

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USDCHF Forecast    
The USDCHF had a bullish momentum yesterday, broke above 0.9875 resistance area. The bias is bullish in nearest term testing 0.9940 region. Immediate support is seen around 0.9875. A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear testing 0.9850 – 0.9818 support area. On the upside, a clear break and daily close above 0.9940 would expose 1.0000 – 1.0037 region. Overall I remain neutral.


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