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USDCHF Daily Forecast: May 11

USDCHF Daily Forecast: May 11
Tuesday, May 11th, 2010 @ 3:17 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 had a bullish momentum yesterday. The bias is bullish in nearest term testing 1.1250 area especially if price able to break above 1.1175 today but overall price still trapped in range area of 1.1175 – 1.0888. We need a consistent move above 1.1250 to continue the bullish scenario at least testing 1.3000/30 region. Immediate support at 1.1025. Break below that area could trigger further bearish pressure testing 1.0888 region.

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