USDCHF Forecast

The USDCHF failed to continue its bullish momentum yesterday and now back below 1.0350 indicating potential further downside pressure but overall we haven’t seen convincing and clear movement and price still consolidating in range area. The bias is bearish in nearest term testing 1.0257 – 1.0220 region. Another movement above 1.0350 could lead us to neutral zone in nearest term as direction is unclear and we are in no trading zone.

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