USDCHF Forecast
The USDCHF had a bearish momentum yesterday bottomed at 0.9787. Price slipped below the lower line of the bearish channel as you can see on my H4 chart below suggests a strong bearish momentum. The bias remains bearish in nearest term testing 0.9750 area. Immediate resistance is seen around 0.9850. A clear break above that area could lead price to neutral zone in nearest term but as long as stay inside the bearish channel I prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.


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