USD/CHF Daily Forecast: July 16
USD/CHF Forecast
The USD/CHF had a bullish momentum yesterday slipped above 0.8950 as you can see on my hourly chart below. The bias is bullish in nearest term testing 0.9000. Immediate support is seen around 0.8950. A clear break and daily close back below that area could create a false breakout bearish scenario retesting 0.8905. My major technical outlook remains neutral, but a consistent movement above 0.8950 – 0.9000 would activate my bullish mode.
Source: fxopen
