USDCHF Forecast

The USDCHF didn’t make significant move yesterday. The main trend should remain bullish but I think we are still in bearish correction phase since the minor bullish channel violated to the downside and now, as you can see on my h1 chart below, price slipped below the minor trendline support with technical downside corrective target  around 1.0700 – 1.0600 area. However I still prefer a bullish scenario at this phase with buy on dips strategy. Initial resistance at 1.0800. Break above that area could be a serious threat to the bearish correction scenario targeting 1.1000 area.