USDCHF Forecast
The USDCHF had a bullish momentum yesterday topped at 0.9788. The bias is bullish in nearest term testing 0.9850. Immediate support is seen around 0.9720. A clear break below that area could lead price to neutral zone in nearest term but overall I prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy. Price is still moving above the EMA 200 on H1, H4 and daily chart suggests a strong bullish outlook. Potential daily range today is seen between 0.9720 – 0.9850.
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The USDCHF had a bullish momentum yesterday topped at 0.9788. The bias is bullish in nearest term testing 0.9850. Immediate support is seen around 0.9720. A clear break below that area could lead price to neutral zone in nearest term but overall I prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy. Price is still moving above the EMA 200 on H1, H4 and daily chart suggests a strong bullish outlook. Potential daily range today is seen between 0.9720 – 0.9850.
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USDCHF Daily Forecast: August 05
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