USDCHF Forecast

The USDCHF attempted to push lower yesterday, bottomed at 1.0587 but as you can see on my h4 chart below, the minor trendline support did a good job preventing further bearish pressure and price closed higher at 1.0664. This fact should keep the bullish outlook intact. Immediate support at 1.0640. Break below that area should lead us into no trading zone as direction would become unclear. Initial resistance at 1.0750. Break above that area should trigger further bullish momentum testing 1.0888 region.

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