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 USDCHF Daily Forecast: June 02

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mary



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PostSubject: USDCHF Daily Forecast: June 02    Thu Jun 02, 2011 6:33 am

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USDCHF Daily Forecast: June 02


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USDCHF Forecast
The USDCHF
had a significant bearish momentum yesterday, bottomed at 0.8381 and
closed at 0.8420 after made a breakdown from the range area as you can
see on my h4 chart below. The bias is bearish in nearest term testing
0.8350 – 0.8300. Immediate resistance at 0.8460 (former support) which
is the best place for a short position with tight stop loss above that
area. A clear break above 0.8460 would lead us to neutral zone in
nearest term as direction would become unclear testing 0.8555.



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