USDCHF Forecast

The USDCHF continued it’s bearish momentum yesterday. On h4 chart below we can see that after break below 1.0275 support area the pair had a bearish momentum, bottomed at 1.0214 and closed at 1.0237. The bias is bearish in nearest term still targeting 1.0135 area. Immediate resistance at 1.0275. Break above that area should lead us into no trading zone as the pair might corrected higher testing 1.0380 but long position is not recommended.