USDCHF Daily Forecast: February 22

USDCHF Forecast

The USDCHF continued its bullish momentum yesterday but still found a good resistance at the upper line of the bearish channel as you can see on my daily chart below. Price is still in a bullish correction phase but selling around the upper line of the bearish channel is still a good idea with a tight stop loss above the bearish channel and 0.9350. Immediate support is seen around 0.9250/30. A clear break and daily close below that area could trigger further bearish pressure testing 0.9200 – 0.9150 and keep the bearish scenario remains intact.