The USDCHF had a bullish momentum yesterday topped at 1.0003.
The bias is bullish in nearest term. I think price is still in my “sell zone” with a tight stop loss above 1.0030/50 targeting 0.9600 region. Immediate support is seen around 0.9970. A clear break below that area could lead price to neutral zone in nearest term testing 0.9900 or lower.
On the upside, a clear break and daily close above 1.10030/50 would be a threat to the bearish scenario retesting 1.0125 – 1.0250 region.
Origin: FXOpen
