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USDCHF Daily Forecast: February 11

USDCHF Daily Forecast: February 11
Monday, February 11th, 2019 @ 4:16 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 bullish momentum last week topped at 1.0028 and hit 1.0096 earlier today in Asian session but traded lower at the time I am writing this comment around 1.0000. Price may form a bearish pin bar as you can see on my daily chart below, but note that we need to wait until today’s daily candle is complete to take conclusion whether it is a bearish pin bar or not. If we do have a bearish pin bar, it will be a valid bearish signal as it printed at a key resistance 1.0095 area with nearest target seen at 0.9900 region.

usdchfdaily

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