USDCHF Forecast

The USDCHF continued its bearish momentum yesterday. On daily chart below we can see price seems to reach top around 1.1695 area, formed a triple top formation indicating potential bearish reversal scenario. The bias is bearish in nearest term targeting 1.1245 before testing 1.1050. On the upside, only another movement above 1.1445 and violation to the bearish channel could be seen as a serious threat to the bearish scenario.

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