USDCHF Forecast

The USDCHF continued its bearish momentum on Friday, break below the range area and closed at 0.8334. This fact could trigger further bearish outlook testing 0.8300 – 0.8250 in nearest term. Immediate resistance at 0.8381. A clear break back above that area would lead us to neutral zone in nearest term testing 0.8460 but as long as price stays below 0.8555 I still prefer a bearish scenario at this phase.

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