USDCHF Forecast

The USDCHF failed to continue its bearish momentum yesterday. On h4 chart below we can see that price is struggling around the minor trendline support area. The bias remains neutral in nearest term but the main scenario remains to the upside with technical target at 1.1000 this week. On the downside, immediate support is seen at 1.0640 and 1.0507 area. Initial resistance at 1.0900 area. Break above that area should trigger further bullish scenario towards 1.1000 and could be the end of the bearish correction phase.