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USDCHF Daily Forecast: May 25

USDCHF Daily Forecast: May 25
Friday, May 25th, 2018 @ 2:42 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 bottomed at 0.9885 but closed a little bit higher at 0.9912 and hit 0.9928 earlier today in Asian session. The bias is bearish in nearest term. Support area at 0.9900 – 0.9870 still holds so far, but bearish pressure remains high. A clear break below 0.9870 would expose 0.9800 or lower. Immediate resistance is seen around 0.9935. A clear break above that area could trigger further bullish pressure testing 0.9980 area but key resistance remains at 1.0055 which need to be clearly broken to the upside to reactivate my bullish mode.

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