USDCHF Forecast

The USDCHF regained its bearish momentum yesterday, bottomed at 0.8940. The bias is bearish in nearest term testing 0.8900 – 0.8800 area. Immediate resistance is seen around 0.9000. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 0.9050 I still prefer a bearish intraday scenario at this phase with short on rallies strategy.

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