USDCHF Daily Forecast: December 11
USDCHF Forecast
The USDCHF attempted to push lower yesterday bottomed at 0.9868 but closed higher at 0.9902, printed a bullish pin bar after rejected below the daily EMA 200 as you can see on my daily chart below. The bias is neutral in nearest term. The false breakout (above 1.0095) bearish scenario remains valid but need a clear break below the EMA 200 located around 0.9860 to invalidate the bullish pin bar scenario and resume the bearish phase testing 0.9825. Immediate resistance is seen around 0.9910. A clear break above that area could trigger further bullish pressure testing 0.9950 or higher.
Source: https://fxinstructor.com/blog/usdchf-daily-forecast-december-11-5
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