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USDCHF Daily Forecast: February 11

USDCHF Daily Forecast: February 11
Monday, February 11th, 2013 @ 10:10 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 corrected higher last week topped at 0.9200. The bias is neutral in nearest term. Overall I still prefer a bearish scenario. Key intraday resistance is seen around 0.9200. A clear break and daily close above that area could trigger further bullish pressure testing 0.9250 or higher. Immediate support is seen around 0.9150. A clear break below that area could trigger further bearish pressure testing 0.9100 or lower.

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