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USDCHF Daily Forecast: July 17

USDCHF Daily Forecast: July 17
Tuesday, July 17th, 2018 @ 4:07 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 yesterday, slipped back below 0.9980 support area as you can see on my H4 chart below. This fact confirms my false breakout bearish scenario targeting 0.9855 area. Immediate resistance is seen around 1.0015. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear retesting 1.0055 key resistance area.

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