USDCHF Daily Forecast: May 03

By @ibtimes on

USDCHF Forecast

The USDCHF was indecisive yesterday. There are no changes in my daily technical outlook. The bias remains neutral in nearest term. The major scenario remains strongly bearish but looks like we have a good intraday support around 0.8624 and need a clear break below that area to continue the bearish scenario targeting 0.8500. On the upside, only a clear break above 0.8779 and violation to the bearish channel can be a threat to the current strong major bearish outlook.

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