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USDCHF Daily Forecast: March 10

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03/09/2010 07:01

USDCHF Forecast
The USDCHF made another indecisive movement yesterday, still trapped in range area of 1.0888 � 1.0640 as you can see on my h4 chart below. Boring, but we have to patiently waiting. The best strategy remains to short around 1.0888 or long around 1.0640 with tight stop loss. Break above 1.0888 � 1.0900 area should continue the bullish scenario targeting 1.1000 while a break below 1.0640 should trigger further bearish correction towards 1.0507 area. As the main trend remains bullish, I am expecting a downside correction towards 1.0640 before continue the bullish move targeting 1.1000 area.

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History

03/09/2010
EUR/USD Daily Review 09 March 10
03/08/2010
EURUSD Daily Forecast: March 09
03/08/2010
Daily Forecast for Crosses: March 09
03/08/2010
GBPUSD Daily Forecast: March 09
03/08/2010
USDJPY Daily Forecast: March 09

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