USDCHF Daily Forecast: January 04

USDCHF Forecast
The USDCHF had a bullish momentum yesterday topped at 0.9797. The bias is bullish in nearest term testing 0.9818. A clear break above that area could trigger further bullish pressure testing the trend line resistance and 0.9910 area as you can see on my daily chart below. Immediate support is seen around 0.9750. A clear break below that area could lead price to neutral zone in nearest term testing 0.9700 support area. I still prefer a bearish scenario at this phase but need a clear break below 0.9700 to continue the bearish phase testing 0.9590 area. Overall I remain neutral.