USDCHF Daily Forecast: February 17

USDCHF Daily Forecast: February 17

17 February 2016, 04:50
Roberto Jacobs
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USDCHF Daily Forecast: February 17
17 Februari 2016 2:04 AM

USDCHF Forecast

The USDCHF was indecisive yesterday. The bias is neutral in nearest term. Immediate support is seen around 0.9850. A clear break below that area could trigger further bearish pressure testing 0.9800 or lower. Immediate resistance is seen around 0.9900. A clear break above that area could trigger further bullish pressure testing 0.9985 which is a good place to sell with a tight stop loss targeting 0.9570 – 0.9600 region. Overall I still prefer a bearish scenario.

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