The USDCHF attempted to push higher last week topped at 0.9177 but whipsawed to the downside and closed lower at 0.9016. As you can see on my hourly chart below, we have a double top formation followed by a break below the EMA 200. The bias is bearish in nearest term testing 0.8967. Immediate resistance is seen around 0.9040. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 0.9090 I still prefer a bearish scenario at this phase.
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