USDCHF Daily Forecast: July 05

USDCHF Forecast
The USDCHF had another indecisive movement yesterday. The bias remains neutral in nearest term and there are no changes in my technical outlook. Price is still trapped between 0.9980 – 0.9855 since June 14 as you can see on my H1 chart below suggests a consolidation phase. We need a clear break from that range area to see clearer direction. Aggressive traders can sell around 0.9980 or buy around 0.9855 with a tight stop loss, taking advantage of this choppy market. I think it’s better to stand aside and do nothing with this pair for now.