USDCHF Forecast

The USDCHF continued its bearish momentum yesterday, bottomed at 1.0130 and closed at 1.0161. On h4 chart below we can see that bearish pressure found good support around 61.8 Fibo support at 1.0143 area. The bias is neutral in nearest term. I still prefer a bearish scenario at this phase but only break below 1.0143/30 area should be seen as bearish confirmation targeting 0.9917 area. Immediate resistance at 1.0213 followed by 1.0280 area. Break above that area should be seen as bearish failure testing 1.0500 area.