USDCHF Forecast

The USDCHF continued its bullish correction yesterday, broke above 0.8779 and topped at 0.8822. This fact could continue the bullish correction scenario targeting 0.8900 in nearest term. On the downside, another move below 0.8779 would lead us to neutral zone in nearest term testing 0.8710 and may keep price in a sideways condition. The major bearish scenario remains intact but would need a clear break below 0.8555 to continue the bearish scenario.

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