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USDCHF Daily Forecast: January 31

USDCHF Daily Forecast: January 31
Thursday, January 31st, 2019 @ 4:40 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 attempted to push higher yesterday topped at 0.9994 but whipsawed to the downside and closed lower at 0.9942 and hit 0.9922 earlier today. The bias is bearish in nearest term testing 0.9900 support area which is a good place to buy with a tight stop loss as a clear break back below that area could invalidate the bullish phase testing 0.9800 – 0.9750 region. Immediate resistance is seen around 0.9960. A clear break above that area could lead price to neutral zone in nearest term testing 1.0000 – 1.0050 region.

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