USDCHF Daily Forecast: July 31

USDCHF Forecast
The USDCHF had a bearish momentum yesterday fell below a trend line support as you can see on my H4 chart below, bottomed at 0.9877 and hit 0.9872 earlier today in Asian session. The bias is bearish in nearest term testing 0.9855/35 region but key support remains around 0.9785. Immediate resistance is seen around 0.9910. A clear break above that area could lead price to neutral zone in nearest term testing 0.9950 area. Overall price is still trapped inside a range area between 1.0055 – 0.9785 and we need a clear break from that range area to see clearer direction.