USDCHF Forecast

The USDCHF attempted to push lower on Thursday, bottomed at 1.0319 but further bearish pressure was rejected as price closed higher at 1.0387. This fact lead me to a no trading zone. The false breakout from 1.0450 area should trigger significant bearish momentum testing 1.0230 area but so far the bearish momentum also seems very limited. I will stand aside and wait for further development. Expected range at 1.0450 – 1.0230.

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