[m.youssif]

USDCHF Forecast
The USDCHF continued its bullish bias on Friday, topped at 0.9812 and closed at 0.9807. The bias remains bullish in nearest term especially if price make another break above 0.9812 targeting 0.9880. Immediate support at 0.9730. Break below that area could trigger further bearish pressure testing the lower line of the bullish channel and 0.9650 support area. From longer term perspective, as we can see on my h4 chart below, price is moving inside a triangle formation after significant bearish movement. If the current bullish momentum can take the price break above the triangle, we could be in the early phase of a bullish reversal scenario.

[m.youssif]

USDCHF Forecast
The USDCHF continued its bullish bias on Friday, topped at 0.9812 and closed at 0.9807. The bias remains bullish in nearest term especially if price make another break above 0.9812 targeting 0.9880. Immediate support at 0.9730. Break below that area could trigger further bearish pressure testing the lower line of the bullish channel and 0.9650 support area. From longer term perspective, as we can see on my h4 chart below, price is moving inside a triangle formation after significant bearish movement. If the current bullish momentum can take the price break above the triangle, we could be in the early phase of a bullish reversal scenario.