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USDCHF Daily Forecast: February 08

USDCHF Daily Forecast: February 08
Friday, February 8th, 2019 @ 3:20 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 but overall still able to maintain its bullish short-term bias after break above 0.9990 as you can see on my H4 chart below. The bias remains bullish in nearest term testing 1.0050 – 1.0095 resistance area. Immediate support is seen around 0.9990. A clear break below that area could lead price to neutral zone in nearest term testing 0.9960 but key support remains at 0.9900 region and as long as stay above 0.9900 I still prefer a bullish scenario at this phase.


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