USDCHF Daily Forecast

The USDCHF continued it’s bullish momentum yesterday. The pair topped at 1.0948 and closed at 1.0911. On h4 chart below we have a bullish channel after hammer formation appeared and now should testing 1.0975 resistance area. Break above that area should trigger further bullish scenario targeting 1.1050 area. Immediate support is seen at 1.0850. Break below that area could lead us into no trading zone. CCI in overbought area and heading down on h4 chart suggesting a potential downside pressure.