USDCHF Daily Forecast: March 08

USDCHF Forecast

The USDCHF was corrected lower yesterday after the ECB press conference, bottomed at 0.9408. The bias is neutral in nearest term but overall I still prefer a bullish outlook targeting 0.9520 as a part of the bullish reversal scenario after broke above the bearish channel. On the downside, a clear break back below 0.9400 could trigger further bearish pullback testing 0.9350.