USDCHF Forecast

Yesterday we saw how a simple triangle chart formation can be used effectively and profitable. On h1 chart below we can see that price made a nice bullish momentum after breakout above the triangle, topped at 1.0285 and closed at 1.0267. The bias is bullish in nearest term targeting 1.0337. Break above that area should trigger further bullish momentum towards 1.0450 area. However CCI about to cross the 100 line down on h4 chart so watch out for potential downside pullback testing 1.0240 and 1.0160  support area. Break below 1.0160 area should lead us into no trading zone.