[m.youssif]

USDCHF Forecast
The USDCHF was corrected lower yesterday, found support at 0.9800 area and traded higher around 0.9863 at the time I wrote this comment. The bias is neutral in nearest term. Overall we are still in bullish phase especially if price able to make another break above 0.9877 targeting 0.9928 and 1.0000. On the downside, clear break below 0.9800 could trigger further bearish pressure testing 0.9730 and the lower line of the bullish channel but as long as price moves in the bullish channel I still prefer a bullish scenario.

[m.youssif]

USDCHF Forecast
The USDCHF was corrected lower yesterday, found support at 0.9800 area and traded higher around 0.9863 at the time I wrote this comment. The bias is neutral in nearest term. Overall we are still in bullish phase especially if price able to make another break above 0.9877 targeting 0.9928 and 1.0000. On the downside, clear break below 0.9800 could trigger further bearish pressure testing 0.9730 and the lower line of the bullish channel but as long as price moves in the bullish channel I still prefer a bullish scenario.