USDCHF Forecast

The USDCHF slipped below 0.8624 yesterday but further bearish pressure was limited and now back above that area. The bias is neutral in nearest term. I still prefer a bearish scenario but would need a consistent move below 0.8624/00 to continue the bearish scenario still targeting 0.8500 support area. Immediate resistance at 0.8650. A clear break above that area would change the intraday bias to bullish but as long as price stays below 0.8779 I still prefer a bearish scenario.

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