USDCHF Forecast
The USDCHF had a significant bullish momentum yesterday, breakout above the triangle as you can see on my h4 chart below indicates potential bullish reversal scenario targeting 1.0000 and 1.0182. Immediate support at 0.9900. Break below that area could trigger further bearish pullback testing 0.9850 – 0.9800 but overall I think we are still in strong bullish phase and short position is not recommended.
The USDCHF had a significant bullish momentum yesterday, breakout above the triangle as you can see on my h4 chart below indicates potential bullish reversal scenario targeting 1.0000 and 1.0182. Immediate support at 0.9900. Break below that area could trigger further bearish pullback testing 0.9850 – 0.9800 but overall I think we are still in strong bullish phase and short position is not recommended.