USDCHF Forecast

The USDCHF continued its bullish momentum on Friday and now traded above 0.8900 suggests further bullish correction continuation testing 0.9000 in nearest term. On the downside, another move back below 0.8900 would lead us to neutral zone in nearest term as direction would become unclear but as long as price stays above 0.8779 we are still in a bullish phase which started after the breakout above the bearish channel and I still prefer a bullish intraday outlook at this phase.

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