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USDCHF Daily Forecast: February 01

USDCHF Daily Forecast: February 01
Friday, February 1st, 2019 @ 5:17 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 was indecisive yesterday. Price attempted to push lower, bottomed at 0.9907 but closed higher at 0.9940 and hit 0.9947 earlier today in Asian session. This fact keeps the bullish phase alive and kicking. The bias is neutral in nearest term. Immediate resistance is see around 0.9960 followed by 1.0000. On the downside, 0.9900 area remains a key support and good place to buy with a tight stop loss as a clear break below that area would invalidate the bullish phase.


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