USDCHF Forecast

The USDCHF didn’t make significant movement on Friday. There are no changes in my daily technical outlook. The bias is neutral in nearest term. Overall my technical bias remains strongly bearish but note that the hammer formation seen on daily chart below still suggest potential upside pullback testing 0.8900. On the downside we need a clear break below 0.8779 to cancel the bullish hammer formation scenario testing 0.8700 – 0.8600.

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