USDCHF Forecast

The USDCHF continued its bearish momentum on Friday and now back inside the triangle as you can see on my h4 chart below. This fact is a threat to my medium bullish outlook. The bias remains bearish in nearest term especially if price able to break below 0.9725 targeting 0.9670 and testing the lower line of the triangle, which is also a trend line support at this phase. Immediate resistance at 0.9850. Break above that area would keep the bullish scenario intact re-testing 1.0000.

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