The USDCHF was corrected higher yesterday and hit 0.8973 earlier today. The bias is bullish in nearest term especially if price able to move consistently above 0.8967 and the hourly EMA 200 as you can see on my hourly chart below, testing 0.9040. Immediate support is seen around 0.8940. A clear break below that area could lead price to neutral zone in nearest term testing 0.8900 or lower. Overall I still prefer a bearish scenario at this phase.
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