USDCHF Forecast

The USDCHF slipped above 1.0888 yesterday, but failed to consistently move above that area so far. The bias is neutral in nearest term but this fact could produce a false breakout scenario which could trigger bearish pressure especially if price break below 1.0770 area testing 1.0700 region. Immediate resistance at 1.0923 (yesterday’s high). Break above that area should trigger further bullish momentum testing 1.1000 region.

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