USDCHF Forecast

The USDCHF had a significant bearish momentum yesterday, fell below 1.0700, bottomed at 1.0608 and closed at 1.0638. This fact should lead us back in range area of 1.0700 – 1.0507 in nearest term but as long as price move inside the bullish channel, the bullish scenario in longer term should remains intact. I think the best strategy is to short around 1.0700 or to long around 1.0507 with a tight stop loss. Another upside momentum above 1.0700 should trigger further bullish momentum testing 1.0850 area.