USDCHF Forecast

The USDCHF had a bullish momentum yesterday after three days of indecisive/consolidation movement. The bias is bullish in nearest term but we need a break above 1.0507 area to continue the bullish scenario targeting 1.0600 – 1.0700 since actually price still trapped in range area. Immediate support at 1.0420. Break below that area should trigger further bearish momentum testing 1.0350 area.