USDCHF Forecast

The USDCHF had a significant bullish momentum yesterday, topped at 0.8785 and hit 0.8793 earlier today in Asian session. The bias is bullish in nearest term but only a clear break back above 0.8915 could stop the bearish intraday outlook since the breakdown below the trend line support and turn my intraday bias to a bullish view. Immediate support is seen around 0.8700. A clear break below that area would lead price to a neutral zone in nearest term testing 0.8550 strong support area. I will stand aside for now.

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