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USDCHF Daily Forecast: December 07

USDCHF Daily Forecast: December 07
Friday, December 7th, 2018 @ 4:35 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 bearish momentum yesterday after printed a bearish pin bar as you can see on my daily chart below, but still unable to close below 0.9910 key support area which is a good place to buy with a tight stop loss as a clear break below that area would target 0.9825 region. The bias is bearish in nearest term. Immediate resistance is seen around 0.9960. A clear break above that area could lead price to neutral zone in nearest term testing 1.0005 resistance area. Fundamental focus today will be on the US NFP number.


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