USDCHF Forecast

The USDCHF was volatile but indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term. Price attempted to push higher but found a resistance around the right shoulder of the H&S formation as you can see on my h4 chart below. This fact keeps the H&S bearish scenario remains valid but still need a clear break below the neckline around 0.8779 to confirm the bearish scenario testing 0.8710 – 0.8555. On the upside, a clear break above the right shoulder around 0.8881 will cancel the H&S scenario testing 0.8945.

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