USDCHF Forecast

The USDCHF had a significant bullish momentum on Friday. On h4 chart below we can see that price break above 1.0213 and now struggling around 1.0280 and the upper line of the bearish channel. This fact should be seen as a serious threat to the bearish scenario especially if we have a consistent move above 1.0280 and violation to the bearish channel, targeting 1.0400 – 1.0500 area. Immediate support at 1.0213 area. Break below that area should keep the bearish scenario intact.