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USDCHF Daily Forecast: July 30

Share It:: 07/29/2010 08:58

USDCHF Forecast
The USDCHF had a significant bearish momentum after break below 1.0560/40 yesterday, slipped below 1.0399 and now struggling around that area. The bias is bearish in nearest term targeting 1.0320 before testing 1.0220 especially if price able to move consistently below 1.0399. immediate resistance at 1.0500. Break above that area could lead us into neutral zone but the main scenario remains bearish and I still prefer to short on rallies.

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History

07/29/2010	EUR/USD Daily Review 29 Jul 10
07/28/2010	EURUSD Daily Forecast: July 29
07/28/2010	Daily Forecast for Crosses: July 29
07/28/2010	GBPUSD Daily Forecast: July 29
07/28/2010	USDJPY Daily Forecast: July 29

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