USDCHF Forecast

The USDCHF had a significant bullish momentum yesterday, slipped above the minor bearish channel but now still struggling around the upper line of the bearish channel. We need a consistent move above the bearish channel to confirm the bullish continuation towards 1.0888 area. A failure to do so could produce a false breakout scenario which could trigger significant  bearish momentum testing 1.0583 area. Immediate resistance at 1.0750. Break above that area should trigger further bullish momentum testing 1.0888. Initial support at 1.0640. Break below that area should keep the bearish correction scenario intact.

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