USDCHF Forecast

The USDCHF continued its bullish momentum yesterday and now testing 0.8555 resistance area as you can see on my h4 chart below. I think we are in a potential bullish reversal scenario after price bottomed at 0.8325. A clear break above 0.8555 could trigger further upside momentum testing 0.8670 – 0.8710 this week. Immediate support at 0.8460. A clear break below that area would lead us to neutral zone in nearest term as direction would become unclear and could give another chance for downside attempt testing 0.8325 strong support area.

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