[m.youssif]

USDCHF Forecast
The USDCHF continued its bullish momentum yesterday, topped at 0.9870 and closed at 0.9851. The bias remains bullish in nearest term targeting 1.0000 especially if price make another break above 0.9880 and move above the triangle. The upper line of the triangle seems to be an important resistance to be watched closely at this phase. Immediate support at 0.9800 and the lower line of the minor bullish channel (red). Break below that area could trigger further bearish pressure testing 0.9730 but as long as price moves inside the major bullish channel we are still in bullish phase.

[m.youssif]

USDCHF Forecast
The USDCHF continued its bullish momentum yesterday, topped at 0.9870 and closed at 0.9851. The bias remains bullish in nearest term targeting 1.0000 especially if price make another break above 0.9880 and move above the triangle. The upper line of the triangle seems to be an important resistance to be watched closely at this phase. Immediate support at 0.9800 and the lower line of the minor bullish channel (red). Break below that area could trigger further bearish pressure testing 0.9730 but as long as price moves inside the major bullish channel we are still in bullish phase.