USDCHF Forecast

The USDCHF finally break below 1.0480 support area yesterday, bottomed at 1.0399 and closed at 1.0411. This fact should trigger further bearishness targeting 1.0320 before testing 1.0220. On the upside, another movement back above 1.0500 could lead us into neutral zone as direction would become unclear but the main scenario remains to the downside.

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