USDCHF Forecast

The USDCHF continued its bearish momentum yesterday, bottomed at 1.0817 but closed a little bit higher at 1.0866. The bias remains bearish in nearest term testing 1.0750 support area. Immediate resistance at 1.0950 – 1.1020 region. Break above that area could lead us into neutral zone in nearest term but the main scenario remains to the downside.

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