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USDCHF Daily Forecast: November 08

USDCHF Daily Forecast: November 08
Thursday, November 8th, 2018 @ 4:35 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 slipped below 0.9980 support area but closed higher at 1.0021, printed another bullish pin bar as you can see on my daily chart below. The bias is neutral in nearest term probably with a little bullish bias testing 1.0055 – 1.0095 key resistance area which need to be clearly broken to the upside to invalidate the false breakout bearish scenario targeting 1.0175 region. On the downside, 0.9980 remains a key support at this phase which need to be clearly broken to the downside to confirm the false breakout bearish scenario targeting 0.9910 – 0.9825 area.


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