USDCHF Forecast

The USDCHF had a bearish momentum yesterday, probably an important technical movement as price so far able to stay below 1.0000 psychological level with bearish target remains at 0.9913. The bias is bearish in nearest term but another retreat to the upside above 1.0000/50 area should lead us back into no trading zone as price could rebound higher testing 1.0120 but long position is not recommended at this phase since the overall sentiment is still very negative for the Dollar.