USDCHF Forecast
The USDCHF was indecisive yesterday. Price slipped above 1.0240 key resistance but closed lower at 1.0200. The bias is neutral in nearest term. Overall I remain bullish but need a clear break and daily close above 1.0240 to continue the bullish scenario testing 1.0350 region. Selling around 1.0240 with a tight stop loss seems to be a good idea. Immediate support is seen around 1.0200. A clear break below that area could trigger further bearish pressure testing 1.0150 but key support remains around 1.0080 which remains a good place to buy.
