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USDCHF Daily Forecast: February 04

USDCHF Daily Forecast: February 04
Monday, February 4th, 2019 @ 3:18 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 another indecisive movement last week. The bias is neutral in nearest term. Price is moving inside a range area between 0.9990 – 0.9900 as you can see on my H4 chart below and we need a clear break from that range area to see clearer direction. Overall I still prefer a bullish scenario but need a clear break above 0.9990 to resume the bullish run testing 1.0050 – 1.0095 region. On the downside, a clear break below 0.9900 would invalidate the bullish phase and activate my “wait and see” mode.


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