USDCHF Forecast

The USDCHF made a moderate bullish correction on Friday. Technically we might have significant movement here, as you can see in my h4 chart below, price is now challenging my trendline resistance. Note that we have 2 false breakout (circled) before, so if we have another false breakout this time, we can expect further bearish momentum. However, I think the current situation a different now as this time we are faced with a psychological level, 1.0000. A rejection to move below that area could trigger a significant bullish momentum and set up a bullish reversal scenario or at least, significant bullish correction. Immediate resistance at 1.0120 followed by 1.0166.