USDCHF Forecast
The USDCHF had a strong bearish momentum yesterday bottomed at 0.9987. The bias is bearish in nearest term testing the trend line support and 0.9925 support area as you can see on my H4 chart below, which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.0070. A clear break above that area could lead price to neutral zone in nearest term testing 1.0120 area. As long as stays above the trend line support I still prefer a bullish scenario at this phase with buy on dips strategy.
