USDCHF Forecast

The USDCHF had another volatile but indecisive movement yesterday. There are no changes in my technical outlook. As a trend follower I prefer to stand aside for now because the market has been moving sideways without clear direction. EMA 200 indicator remains flat on hourly, h4 and daily chart. Immediate support remains around 0.9125. A clear break below that area could trigger further bearish pressure testing 0.9050. Immediate resistance is seen around 0.9221 – 0.9250 area.

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