USDCHF Forecast
The USDCHF had a strong bearish momentum last week after a false breakout above 1.0240 as you can see on my daily chart below. The bias is bearish in nearest term testing 0.9850 area. Immediate resistance is seen around 1.0040. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear. On the downside, a clear break and daily close below 0.9850 could trigger further bearish pressure challenging the daily EMA 200 located around 0.9680 region.
