USDCHF Forecast

Rejection to move above the trendline resistance area trigger significant bearish yesterday as price now traded below my key support 1.0120 again, indicating limited bullish correction so far. I think we are still in no trading zone area and the bias remains neutral in nearest term. On the downside, psychological level around 1.0000/33 area is a good place for long position with tight stop loss below 1.0000. Immediate resistance at 1.0120. Break above that area should trigger further upside momentum and keep the bullish correction scenario intact.