USDCHF Forecast

The USDCHF made a significant technical movement on Friday as price violated the bullish channel to the downside. The bias is bearish in nearest term targeting at least 1.0250 but market volatility lately makes my medium term outlook remains neutral. The best place to put a short position is waiting for price to retreat higher near the bullish channel lower line and we see rejection to move above 1.0380 resistance area with a tight stop loss if price go back inside the bullish channel.