USDCHF Forecast

The USDCHF was corrected higher yesterday, topped at 1.0358 and closed at 1.0329. I think this is a normal correction and I still prefer a bearish scenario. On h4 chart below we can see that the bullish correction was stopped at the minor trendline resistance (orange) before move lower again. This might produce a good short trading opportunity for me today targeting at least 1.0235. Immediate resistance at 1.0358 area (yesterday’s high). Break above that area should trigger further bullish correction but long position is not recommended at this phase.