The USDCHF had a significant bearish momentum yesterday, bottomed at 0.8381 and closed at 0.8420 after made a breakdown from the range area as you can see on my h4 chart below. The bias is bearish in nearest term testing 0.8350 – 0.8300. Immediate resistance at 0.8460 (former support) which is the best place for a short position with tight stop loss above that area. A clear break above 0.8460 would lead us to neutral zone in nearest term as direction would become unclear testing 0.8555.
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