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USDCHF Daily Forecast: July 18

USDCHF Daily Forecast: July 18
Wednesday, July 18th, 2018 @ 4:00 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 lower yesterday bottomed at 0.9926 but whipsawed to the upside and closed higher above 1.0000 after bounced-off the EMA 200 as you can see on my H4 chart below. The bias is bullish in nearest term retesting 1.0055 region which is a good place to sell with a tight stop loss. Immediate support is seen around 0.9985. A clear break below that area could lead price to neutral zone in nearest term retesting the EMA 200 area located around 0.9925.

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