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USDCHF Daily Forecast: December 22

Premium Market Reports by FXTechStrategy

USDCHF Daily Forecast: December 22
Tuesday, December 22nd, 2009 @ 1:06 am by Setyo Wibowo

About 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 continued it’s bullish momentum yesterday, topped at 1.0481 and closed at 1.0459. The bias remains to the upside targeting 1.0530 before aim for 1.0700 area but we need consistent move above 1.0450 area to continue the bullish scenario. Another movement below 1.0450 area should lead us into no trading zone but short position is not recommended at this phase.

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