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USDCHF Daily Forecast: May 19

USDCHF Daily Forecast: May 19
Monday, May 19th, 2014 @ 2:53 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 attempted to push higher last week, slipped above 0.8950 but still unable to move consistently above that area so far. The bias is neutral in nearest term probably with a little bullish bias retesting 0.8950. A clear break above that area could trigger further bullish scenario testing 0.9000 or higher. Immediate support is seen around 0.8870. A clear break below that area could trigger further bearish pressure testing 0.8830 or lower.

usdchfhourly

One Response to “USDCHF Daily Forecast: May 19”

  1. Investor says:

    Hi,

    thank you for great article. It makes you think a lot.

    I am more worried about CHF/EUR problem.

    It is really big problem in Europe, specially for people who took loans in CHF.
    They were scammed by banks. They were selling them loans in CHF and telling people that they cannot get loan in EUR.
    But the truth is, that loans are in EUR, but connected to CHF, so now are banks making huge money. Croatia already won on court, Slovenia is next, etc.
    Many Swiss companies are closing, as they are not any more competitive on market.

    Keep the good work..

    forexprowebtrader.com

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