The USDCHF had a bearish momentum yesterday, bottomed at 1.1482 and closed at 1.1510. Although the main scenario remains bullish, it’s obvious that the upside pressure is still very weak. Overall pair still trapped in the range area as you can see on my h1 below and I will keep waiting for a break on either side. Until that happen, I will stay away from the market. We need a break above 1.1695 to resume the bullish scenario. On the other hand, a clear break below 1.1445 could be a serious threat to the bullish outlook at least testing 1.1275 – 1.1300 region.
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