USDCHF Forecast

The USDCHF had a bearish momentum yesterday,bottomed at 1.0577 and closed at 1.0545. This fact should keep the bearish correction scenario after rejection to move above the triple top formation around 1.0888 area intact testing 1.0507. Break below that area could trigger further bearish momentum testing 1.0420 and be a serious threat to the major bullish scenario and potential new bearish phase. Immediate resistance at 1.0600 followed by 1.0640. Break above 1.0640 should keep the major bullish scenario intact.