USDCHF Forecast
The USDCHF had a bullish momentum last week slipped above the trend line resistance but closed back below the trend line resistance as you can see on my H4 chart below. The H4 EMA 200 (located around 0.9990) still provides a good support so far. The bias is neutral in nearest term. Immediate resistance is seen around 1.0050. A clear break above that area could trigger further bullish pressure testing 1.0085 or higher. On the downside, a clear break below 0.9990 would expose 0.9950/00 region. Overall I remain neutral.


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