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USDCHF Daily Forecast: October 11

USDCHF Daily Forecast: October 11
Thursday, October 11th, 2018 @ 4:22 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 didn’t make significant movement yesterday but traded lower earlier today in Asian session hit 0.9856 after formed a double top formation as you can see on my H4 chart below. The bias is bearish in nearest term testing 0.9825 area. A clear break and daily close below that area would invalidate the bullish phase triggered by the break above the bearish channel on September 27. Immediate resistance is seen around 0.9905. A clear break above that area could lead price to neutral zone in nearest term testing 0.9955 key resistance area which need to be clearly broken to the upside to reactivate my bullish mode testing 1.0055 region.


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