The USDCHF opened higher earlier today in Asian session at 0.8815, gap up about 60 pips from Friday’s close price. The bias is bullish in nearest term testing 0.8850. A clear break and daily close above that area could end the bearish correction phase, retesting 0.8945 even higher. Immediate support is seen around 0.8750/25. A clear break back below that area could keep the bearish correction phase intact but as long as price stays above 0.8550 my overall technical bias remains to the upside.
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