USDCHF Forecast

The USDCHF failed to continued its bullish momentum yesterday and now back inside the range area, indicates a false breakout scenario which could push the pair lower testing 0.9230 in nearest term before continue its bearish scenario targeting 0.9100 – 0.9000. Short around 0.9330 is the best intraday strategy for me as I see a good risk – reward ratio there. Another consistent move above 0.9330 would keep the bullish correction scenario targeting 0.9435 remains intact but overall the major scenario remains to the downside.

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