USDCHF Forecast

The USDCHF continued its bullish momentum yesterday, broke above 0.9181. As you can see on my daily chart below, the bullish movement is characterized by bullish continuation after broke above the previous high, a common model during a strong bullish phase. The bias is bullish in nearest term testing 0.9320. Immediate support is seen around 0.9150. A clear break below that area could lead price to neutral zone in nearest term but overall I prefer a bullish scenario at this phase.

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