USDCHF Forecast

The USDCHF attempted to push higher yesterday, topped at 1.1445 but closed lower at 1.1309. On daily chart below we have a shooting star candle stick pattern which is a bearish pattern. So even the main scenario remains bullish, the shooting star might indicate short term top at this phase with potential downside correction especially if price able to break below 1.1240 area today, testing 1.1175. On the other hand, break above 1.1380 could trigger further bullish momentum re-testing 1.1445 even higher as 1.1595 remains potential bullish target this week.

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