USDCHF Forecast

The USDCHF attempted to push higher yesterday, hit 0.7995 but further bullish pressure was rejected and closed lower at 0.7839. The bias is neutral in nearest term but overall price is still in a bullish phase since the bullish momentum started by the hammer formation. Immediate support is seen around 0.7750. A clear break below that area could trigger further bearish pressure testing 0.7650 but as long as price stays above 0.7650 my overall intraday bias remains to the upside.

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