USDCHF Forecast

The USDCHF continued it’s bearish momentum yesterday, break below 1.0166, bottomed at 1.0125 and closed at 1.0141. On h4 chart below we can see a good example of how a false breakout lead to a significant bearish momentum. The bias remains bearish in nearest term targeting 1.0000 psychological level. Immediate resistance at 1.0166 followed by 1.0235 area.