USDCHF Forecast

The USDCHF continued its bearish correction on Friday on a broad US Dollar weakness, bottomed at 0.8952 and closed at 0.8995. My overall outlook remains to the upside as long as price stays above 0.8915, but my short term bias shows a neutral condition. Buy around 0.8950/15 seems to be a good plan for me now, with a tight stop loss below 0.8915, still targeting 0.9320 area. On the downside, a clear break and daily close back below 0.8915 would postpone my bullish outlook.

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