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USDCHF Daily Forecast: February 20

USDCHF Daily Forecast: February 20
Wednesday, February 20th, 2013 @ 6:38 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 bearish momentum earlier today slipped below 0.9200. The bias is bearish in nearest term testing 0.9150 or lower. Immediate resistance is seen around 0.9230. A clear break above that area could lead price to neutral zone in nearest term. On the upside, a clear break and daily close above 0.9250 could trigger further bullish pressure testing the upper line of the bearish channel.

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