The USDCHF made a moderate bullish momentum yesterday. As you can see on my h4 chart below price slipped above 1.1175 indicating potential bullish view testing 1.1250 region. Note that we need a consistent move above 1.1250 area to confirm further bullish scenario. Below that area I think price still vulnerable for any downside movement. Immediate support at 1.1105. Break below that area could trigger further bearish momentum testing 1.1045 area and lead us back to a boring range trading condition of 1.1175 – 1.0888.
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