The USDCHF failed to continue its bullish momentum so far. In medium term outlook I am expecting a range area of 1.1250 – 1.0888 but nearest term bias seems more to the downside testing 1.0888. Break below that area could be a serious threat to the bullish scenario. On the upside, we need a consistent move above 1.1250 to continue the bullish scenario. I think I will stand aside for now and see further development.
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