USDCHF Forecast

The USDCHF continued its bearish momentum on Friday. The bias is bearish in nearest term testing 1.0850 and 1.0750 support area. Immediate resistance at 1.1020 region. Break above that area could lead us into neutral zone in nearest term but the main scenario remains to the downside. CCI in oversold area and heading up on h1 chart indicating potential upside rebound but I still prefer a bearish scenario with short on rallies strategy.

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