USDCHF Forecast

The USDCHF continued its bullish momentum on Friday and now seems ready to test 0.8945. A clear break and daily close above that area would continue the bullish scenario targeting 0.9320 area. I think the bullish reversal scenario is confirmed. Immediate support is seen around 0.8800 – 0.8668. A clear break below that area could lead price to neutral zone in nearest term but as long as price stays above 0.8550 I still prefer a bullish scenario at this phase.

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